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Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of...
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This paper investigates the role of relative comparisons in health status for individual health satisfaction. Previous … and status e ects, social health norms, and comparison processes. Using representative longitudinal data from a German … positional preferences and social status effects in the context of health are rather unimportant for individual health …
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