On limiting the market for status signals
Reads0
Chats0
TLDR
In this paper, the impacts of tax policy and benefits on the signalling equilibrium are considered, and the benefits of a Pareto-improving tax policy are discussed. But the authors do not consider the impact of tax on the signaling equilibrium.About:
This article is published in Journal of Public Economics.The article was published on 1994-01-01 and is currently open access. It has received 265 citations till now. The article focuses on the topics: Tax policy & Inefficiency.read more
Citations
More filters
Posted Content
Conspicuous Consumption and Race: Evidence from South Africa
TL;DR: This paper explored whether the differences in visible expenditures can be explained with a signaling model of status seeking and found that Black and Coloured households spend relatively more on visible consumption than comparable White households.
Journal ArticleDOI
Uncertainty, Expectations and Behavioural Aspects of Housing Market Choices
TL;DR: In this paper, the authors argue that the standard economic theory of decision-making under uncertainty, expected utility theory, is particularly illsuited as the basis for understanding the complexity of housing market decisions.
Dissertation
Across an Open Sea. Mediterranean Networks and Italian Trade in an Era of Calamity
TL;DR: In this paper, Mediterranean Networks and Italian Trade in an Era of Calamity: Across an Open Sea, the authors present an overview of Mediterranean networks and Italian trade in an era of war.
The Power of Shame and the Rationality of Trust
TL;DR: In this article, a new set of experiments confirm both that shame is a motivator, and that trusting players are strategically rational in that they anticipate the power of shame, which is consistent with observed behavior in previously studied experiments, but more importantly, they imply new testable predictions.
Journal ArticleDOI
Social status in economic theory
TL;DR: In this paper, a selective survey of recent advances in the economic analysis of the origins and consequences of social status concerns is provided, and the consequences of preferences for status are studied for a variety of problems and settings.
References
More filters
Posted Content
An Economic Model of Welfare Stigma
TL;DR: In this paper, the authors model the negative self-characterizations of welfare recipients as a form of social stigma, and use a utility maximization model to predict the impact of welfare programs on the low-income population.
Posted Content
Are Workers Paid their Marginal Products
TL;DR: In this paper, the authors examine a variety of empirical evidence that relates to this proposition about the firm's internal wage structure and conclude that the competitive wage structure within a firm must be one in which individual wage differences understate individual differences in marginal products.
Posted Content
Public provision of private goods and the redistribution of income
Timothy Besley,Stephen Coate +1 more