Essays about: "inferior goods"
Found 2 essays containing the words inferior goods.
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1. Shopping Experience in Central and Eastern Europe: Second - class Europeans in a Union of Equals?
University essay from Lunds universitet/Statsvetenskapliga institutionenAbstract : Over the past few years the EU has seen a surge in reports showing that analogical products of dual quality are being sold in different parts of the Union. An East – West divide has been noticed in the way that products of identical branding and packaging are of poorer quality in the Central and Eastern European shops, but not in the Western ones. READ MORE
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2. Towards a Theory of Relative Preferences
University essay from Nationalekonomiska institutionenAbstract : 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
