On limiting the market for status signals
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
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Antitrust Vertical Myopia: The Allure of High Prices
TL;DR: The authors examines popular RPM theories, explains why manufacturers frequently use RPM to protect the appeal of their products as status goods, and argues that no per-se rule for RPM is warranted.
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A theory of esteem based peer pressure
TL;DR: This work provides novel comparative statics on the effects of changes in mean, dispersion, skewness and other features of the distribution of peer quality of Benabou's and Tirole's 'honor-stigma' model.
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Mating à la Spence: Deriving the Market Demand Function for Status Goods
TL;DR: In this paper, a game theoretical derivation of the market demand function for status goods with respect to level and distribution of income in the considered economy is presented. But the analysis is restricted to the case where individuals have the possibility to signal their properties by demonstrative consumption.
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Who Cares for Social Image? Interactions between Intrinsic Motivation and Social Image Concerns
TL;DR: In this paper, the interaction of intrinsic motivation and concerns for social approval in a laboratory experiment was considered, and it was found that participants who were not intrinsically motivated to buy Fairtrade were more likely to be concerned with social approval.
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Interpersonal Interaction and Economic Theory: The Case of Public Goods
TL;DR: This paper reviewed both from within and outside economics approaches to the problem of personal interaction in public goods contexts and argued that there are defensible ideas from outside the discipline which ought to be explored, relying on different conceptions of rationality and more radically social agents.
References
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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.
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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.
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Public provision of private goods and the redistribution of income
Timothy Besley,Stephen Coate +1 more