Narrow search
Showing 1 - 10 of 17,258
Cover Image
Chapter 3. Preferences for Status : Evidence and Economic Implications
Heffetz, Ori; Frank, Robert H. - In: Handbook of social economics : volume 1, (pp. 69-91). 2011
status. While briefly reviewing evidence from different literatures that is consistent with the existence of preferences for … status, we pay special attention to experimental work that attempts to study status directly by inducing it in the lab …
Persistent link: https://www.econbiz.de/10014025700
Cover Image
From status-seeking consumption to social norms : an application to the consumption of cleanliness
Woersdorfer, Julia Sophie - 2008
Interdependencies in consumer behavior stem from either status-seeking consumption or compliance with social norms …. This paper analyzes how a consumption act changes from a means to signal the consumer's status to a means of norm … emergence of the cleanliness norm in the 19th century. -- social norms ; status seeking ; externalities ; consumer needs …
Persistent link: https://www.econbiz.de/10003875550
Cover Image
Show Me the Money : Status, Cultural Capital, and Conspicuous Consumption
Lavie, Moshik - 2010
This study presents a general model of conspicuous consumption in which two partly visible goods serve as a signal of dual unobserved individual attributes (wealth and wisdom). In addition to a classic Veblen good, a more sophisticated cultural conspicuous-consumption good is introduced. Agents'...
Persistent link: https://www.econbiz.de/10012715544
Cover Image
Social limits to redistribution and conspicuous norms
Ferrari, Luca - 2018
In this article the author considers an economy in which individuals are matched into pairs and the desirability of an individual depends on her position on the distribution of wealth. The author assumes that individuals show their relative standing by consuming a conspicuous good and he shows...
Persistent link: https://www.econbiz.de/10011811294
Cover Image
Social limits to redistribution and conspicuous norms
Ferrari, Luca - 2018
In this article the author considers an economy in which individuals are matched into pairs and the desirability of an individual depends on her position on the distribution of wealth. He assumes that individuals show their relative standing by consuming a conspicuous good and he shows that...
Persistent link: https://www.econbiz.de/10011899205
Cover Image
Do Imports Crowd Out Domestic Consumption? A Comparative Study of China, Japan and Korea
Chuanglian, Chen - 2011
A decline in the relative price of imported goods compared to that of domestically produced goods may have different effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent-income model without considering consumption habit formation as...
Persistent link: https://www.econbiz.de/10013130167
Cover Image
Emergency purchasing situations: Implications for consumer decision-making
Samson, Alain; Voyer, Benjamin G. - In: Journal of Economic Psychology 44 (2014) C, pp. 21-33
This article introduces the emergency purchasing situation (EPS) as a distinct buying context. EPSs stem from an unexpected event (unanticipated need or timing of a need), as well as high product importance, which are associated with a short time frame for consumer decision-making. Our...
Persistent link: https://www.econbiz.de/10010906730
Cover Image
Preferences over consumption and status
Vostroknutov, Alexander - In: Theory and Decision 74 (2013) 4, pp. 509-537
people are available. Preferences over consumption and status are used as an example to demonstrate how the utility is …
Persistent link: https://www.econbiz.de/10010865858
Cover Image
Consumption-savings decisions under upward looking comparisons : evidence from Germany, 2002 - 2011
Drechsel-Grau, Moritz; Schmid, Kai D. - 2013
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...
Persistent link: https://www.econbiz.de/10010190171
Cover Image
Do decision makers have subjective probabilities? An experimental test
Ronayne, David; Veneziani, Roberto; Zame, William R. - 2022
Anscombe and Aumann (1963) offer a definition of subjective probability in terms of comparisons with objective probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes that the subjective probability of an event is...
Persistent link: https://www.econbiz.de/10013265548