Essays about: "competitive con- sumption"

Found 1 essay containing the words competitive con- sumption.

  1. 1. Towards a Theory of Relative Preferences

    University essay from Nationalekonomiska institutionen

    Author : Spencer Bastani; [2007]
    Keywords : relative preferences; positional goods; competitive con- sumption; conspicuous consumption; signalling; status;

    Abstract : Should economists depart from the neoclassical assumption of independent preferences and admit that people do not only care about absolute consumption, but also about relative consumption? Three different motives for relative preferences are explored, an instrumental perspective most often grounded in signalling incentives, a view where people care about identity and self-image and finally a theory based on the information content in consumption. The central concern is positional goods, typically seen as status-goods, of particular relevance in signalling contexts. READ MORE