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Status substitution and conspicuous consumption
This paper adapts ideas from social identity theory to set out a new framework for modelling conspicuous consumption. Agents derive utility from their consumption of a status good and from belonging to an identity group with high status good consumption. Importantly, these two sources of utility are substitutes.
Ghiglino,C., Langtry, A.
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Conspicuous Consumption and Overlapping Generations [PDF]
This paper investigates household decisions, and optimal taxation in an overlapping generations model in which individual utility depends on a weighted average of consumption of ones peers - a "keeping up with the Joneses'' consumption externality. In contrast to representative agent economies, the consumption externality generally affects steady state
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While sharing positive content about a brand’s products can bring huge benefits, when and what motivates consumers to post on social media is still an underexplored area, especially in a conspicuous consumption context.
Thi Cam Tu Dinh, Yoonjae Lee
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This paper presents and discusses the results of an empirical research whose objective was to discuss the relationship between the concepts of conspicuous consumption, status consumption and self-expression. For this, we have used the model proposed by
Bruno Medeiros Assimos +3 more
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An experimental study of the bandwagon effect in conspicuous consumption
Background The phenomenon of conspicuous consumption is not new. Veblen (1994, 1899) described conspicuous consumption as expensive, luxury consumption, which provides evidence of wealth and status.
Małgorzata Niesiobędzka
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Whereas the environmental impact of buying luxury goods is debated, there is evidence that purchasing such products—often referred to as conspicuous consumption—can be more sustainable than hoarding cheaper alternatives because luxury goods are more ...
Michał Folwarczny +3 more
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This study explores the intersection of conspicuous consumption and the Hijrah movement within Indonesia's socio-cultural and economic transformations.
Melly Masni
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Conspicuous Confusion? A Critique of Veblen's Theory of Conspicuous Consumption [PDF]
Veblen’s concept of conspicuous consumption, although widely known and commonly invoked, has rarely been examined critically, while the associated ‘theory’ has never been tested. It is suggested that the reason for this lies in the difficulty of determining the criterion that defines the phenomenon, a difficulty that derives from Veblen’s failure to ...
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The conspicuous consumption tendencies frequently encountered at weddings and home visits have become easily visible at any time, without the limitations of time and space, thanks to social media platforms.
Demet Yalçın, Mustafa Koçer
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Optimal strategy of in-game items with conspicuous consumption: whether to provide the grinding version? [PDF]
Luo F, Chen J, Xu T.
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