On limiting the market for status signals
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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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The detrimental effects of luxury goods consumption on socially excluded groups
TL;DR: This article examined the impact of luxury goods consumption by the wealthy on the welfare of socially excluded groups and found that a deterioration in the luxury goods terms-of-trade or an increase in the capital used to produce nonluxury traded goods have the consequence of increasing welfare of the wealthier sections of society at the expense of the excluded groups.
Dissertation
Interactions sociales et comportements des ménages : une étude de l'offre de travail et de la consommation des ménages en Côte d'Ivoire
TL;DR: In this paper, the authors analyse les influences des interactions sociales sur les comportements economiques des menages, and propose a modele theorique permet d'expliquer que la consommation ostentatoire se justifie par le besoin de reconnaissance sociale de l'individu dans la societe.
Advertising to Status-Conscious Consumers JOB MARKET PAPER
TL;DR: In this article, the authors developed a simple, social theory of advertising in a setting where consumers value social status, and showed that in equilibrium, the firm can use advertising to exploit consumer status concerns by increasing the stigma of those who don't buy and promoting widespread recognition for those who do.
Posted Content
The American Pride and Aspiration
Sattwik Santra,Ranajoy Chaudhury +1 more
TL;DR: In this paper, the authors adopt a very general approach and model how individuals' status seeking behavior influences their consumption patterns, and define both an aspiration aspect and a pride aspect of status.
Journal ArticleDOI
Prices in the utility function and demand monotonicity
Emilio Barucci,Filippo Gazzola +1 more
TL;DR: In this paper, price-dependent utility functions are analyzed and conditions for demand monotonicity and substitution among goods are provided, and examples of price dependent utility functions that cannot be written as an increasing transformation of a classical utility function dependent only upon quantities are provided.
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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