180:
27:
116:
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96:(1899). The testability of this theory was questioned by Colin Campbell due to the lack of complete honesty from research participants. However, research in 2007 studying the effect of social comparison on human brains can be used as an evidence supporting Veblen. The idea that seeking status can be an incentive to spend was also later discussed by
233:: stock buyers have fallen prey to the fallacy that previous price increases suggest future price increases. Other rationales for buying a high-priced stock are that previous buyers who bid up the price are proof of the issue's quality, or conversely, that an issue's low price may be evidence of viability problems.
160:. Consuming Veblen goods also results in other financial and social consequences such as conspicuous demonstration of unequal wealth distribution and possible changes to optimal tax formulas. Another negative outcome is that this type of consumption can be a culprit of the future exacerbation of pollution.
278:
The effect on demand depends on the range of other goods available, their prices, and whether they serve as substitutes for the goods in question. The effects are anomalies within demand theory, because the theory normally assumes that preferences are independent of price or the number of units being
275:. Counter-examples have been called the counter-Veblen effect. The counter-Veblen effect occurs when preference for goods increases with the decrease in their price, thereby outperforming the supply and demand effect, as a result of conspicuous thrift amongst some consumers.
262:
accounts increased, the value of having a telephone or a
Facebook account increased, because users of those could reach more people. However, neither of these effects suggests that raising the price would boost demand at a given level of saturation.
219:: expressed preference for goods because they are different from those commonly preferred; in other words, the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level.
147:
While Veblen goods are more affordable for high income households and affluent societies are usually known as the targeted income groups of Veblen brands, they have been experiencing a trend away from conspicuous consumption.
143:
The theory of Veblen good made a significant contribution towards marketing and advertising. There are multiple studies considering Veblen goods as a tool to develop and maintain a strong relationship with consumers.
290:. The Giffen goods theory is one for which observed quantity demanded rises as price rises. Still, the effect arises without any interaction between price and preference—it results from the interplay of the
1408:
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171:
through their consumption of goods and services. Veblen goods targeting this market segment must also be ethically manufactured to increase in their quantity demanded.
2982:
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123:
A corollary of the Veblen effect is that lowering the price may increase the demand at first, but will decrease the quantity demanded afterwards.
3045:
2997:
2481:
226:: the low price of a good is believed by many to indicate that the producer may have compromised quality, that is, "you get what you pay for".
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242:
Sometimes, the value of a good increases as the number of buyers (or particular group of buyers and users) increases. This is called the
1415:
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34:
are considered desirable consumer products for conspicuous consumption because of, rather than despite, their high prices.
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1460:
156:
Being aware of the existence of Veblen goods, concerns were raised regarding their wastefulness as they are viewed as
3050:
2694:
1450:
701:
3311:
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The sociological theory of capital : being a complete reprint of the new principles of political economy, 1834
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1440:
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223:
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when numerous buyers or users itself increases the value of a good. For example, as the number of people with
179:
54:, resulting in an upward-sloping demand curve. The higher prices of Veblen goods may make them desirable as a
2067:
925:
531:
2939:
2913:
2824:
2491:
2162:
1553:
799:
Starbucks coffee as a Veblen good : perceived status enhancement, brand involvement, and brand loyalty
291:
130:
Pecuniary emulation (or pecuniary success), which leads to invidious comparison (or invidious distinction).
2029:
1093:
1027:
988:
2949:
2934:
2921:
1986:
1971:
1335:
Chao, A.; Schor, J. B. (1998). "Empirical tests of status consumption: Evidence from women's cosmetics".
87:
3306:
3278:
3082:
2227:
1951:
1512:
1311:
1265:
Leibenstein, Harvey (1950). "Bandwagon, Snob, and Veblen
Effects in the Theory of Consumers' Demand".
430:
3316:
2929:
2773:
2092:
1401:
467:
Fliessbach, K.; Weber, B.; Trautner, P.; Dohmen, T.; Sunde, U.; Elger, C. E.; Falk, A. (2007-11-23).
1206:
1200:
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1028:"When the Joneses' consumption hurts: Optimal public good provision and nonlinear income taxation"
3007:
2738:
2537:
2401:
1807:
1736:
1596:
1546:
1505:
1480:
97:
59:
1094:"Income Inequality and Carbon Emissions in the United States: A State-level Analysis, 1997–2012"
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1921:
103:
Additionally, there have been different arguments on whether Veblen’s theory applies only to
3116:
1230:
Johnson, Joseph; Tellis, G.J.; Macinnis, D.J. (2005). "Losers, Winners, and Biased Trades".
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1961:
50:, for which the demand increases as the price increases, in apparent contradiction of the
8:
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2009:
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63:
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1941:
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361:"Borrowing to Keep Up (With the Joneses): Inequality, Debt, and Conspicuous Consumption"
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2137:
1856:
1821:
1663:
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1284:
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1163:
969:
647:
512:
469:"Social Comparison Affects Reward-Related Brain Activity in the Human Ventral Striatum"
394:
272:
1348:
989:"Resource allocation, affluence and deadweight loss when relative consumption matters"
468:
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26:
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2019:
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2004:
1999:
1926:
1906:
1851:
1755:
1745:
1719:
1668:
1624:
1159:
1136:"Conspicuous ethics: a Veblen effect condition for ethical consumption goods"
1117:
1051:
1012:
965:
934:
916:
869:
807:
643:
590:
500:
390:
326:
207:
192:
191:
The Veblen effect is one of a family of theoretical anomalies in the general
83:
55:
51:
492:
139:
The suppression of explicit attempts to emphasize social status differences.
3140:
2882:
2728:
2466:
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2300:
2272:
2247:
2112:
2039:
2014:
1911:
1724:
1702:
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104:
43:
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2182:
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2024:
1831:
1750:
1707:
1653:
372:
336:
321:
287:
216:
20:
901:"Running to Keep in the Same Place: Consumer Choice as a Game of Status"
360:
136:
The inverse relationship between one’s well-being with another’s income.
2892:
2682:
2157:
2142:
2072:
1693:
1639:
1288:
973:
949:
651:
627:
381:
286:
Interaction effects are a different kind of anomaly from that posed by
247:
31:
1383:
1068:
Work Hours, Inequality and
Redistribution: Veblen Effects Reconsidered
691:
432:
The
Romantic Ethic and the Spirit of Modern Consumerism | SpringerLink
3111:
2802:
2717:
2687:
2677:
2672:
2262:
2082:
1760:
1644:
1591:
797:
605:
255:
184:
1280:
824:
The Sum of Small Things: Culture and
Consumption in the 21st Century
1393:
1375:
1243:
413:
The Theory of the
Leisure Class. An Economic Study of Institutions.
259:
230:
1182:"Price tag can change the way people experience wine, study shows"
126:
The following concepts can explain the existence of Veblen goods:
2785:
2573:
1538:
1229:
16:
Luxury good for which the demand increases as the price increases
3219:
2834:
2605:
1092:
Jorgenson, Andrew; Schor, Juliet; Huang, Xiaorui (2017-04-01).
567:"The Importance of Relative Prices in Analyzing Veblen Effects"
202:
266:
2667:
1570:
466:
271:
Veblen effects are discussed in a 1950 article by economist
82:, who first identified conspicuous consumption as a mode of
950:"The Demand for Unobservable and Other Nonpositional Goods"
858:"The Theory of the Leisure Class and the Theory of Demand"
1025:
1026:
Aronsson, Thomas; Johansson-Stenman, Olof (2008-06-01).
628:"Veblen Effects in a Theory of Conspicuous Consumption"
736:
The New
Palgrave Dictionary of Economics, 2012 Version
565:
Phillips, Ronnie J.; Slottje, Daniel J. (1983-03-01).
279:
sold. They are therefore collectively referred to as
250:
of buying a product because it seems popular, or the
1362:
626:
Bagwell, Laurie Simon; Bernheim, B. Douglas (1996).
1091:
987:Eaton, B. Curtis; Matheson, Jesse A. (2013-07-01).
3185:Socialism for the rich and capitalism for the poor
1303:
1133:
926:20.500.11820/6fdf6159-96b0-415b-a7b5-bb95caa924be
607:Economic Experiments in Honor of Thorstein Veblen
119:Veblen goods have an upward-sloping demand curve.
66:. A product may be a Veblen good because it is a
3293:
1302:Lea, S. E. G.; Tarpy, R. M.; Webley, P. (1987).
898:
78:Veblen goods are named after American economist
2983:Largest financial services companies by revenue
1134:Stiefenhofer, Pascal; Zhang, Wei (2020-11-30).
1064:
993:Journal of Economic Behavior & Organization
625:
564:
1301:
820:
2978:Largest corporations by market capitalization
2589:
1792:
1554:
1409:
1198:
986:
664:
358:
3180:The rich get richer and the poor get poorer
1806:
1264:
1223:
864:. Routledge. 2002-01-08. pp. 151–168.
267:Relationship with laws of demand and supply
2988:Largest manufacturing companies by revenue
2596:
2582:
1799:
1785:
1561:
1547:
1416:
1402:
187:is an example of a consumable Veblen good.
1334:
924:
777:Sheff, Jeremy N (2011). "Veblen Brands".
689:
603:
380:
1065:Tanninen, Hannu; Tuomala, Matti (2008).
899:Hopkins, Ed; Kornienko, Tatiana (2004).
821:Currid-Halkett, Elizabeth (2017-05-15).
428:
210:frequently sells for over its list price
201:
178:
114:
25:
2998:Largest technology companies by revenue
1361:
1199:Galatin, M.; Leiter, Robert D. (1981).
862:The Founding of Institutional Economics
3294:
3066:Income inequality in the United States
3061:Wealth inequality in the United States
2528:English historical school of economics
2482:Structure–conduct–performance paradigm
667:Thorstein Veblen: Critical Assessments
529:
359:Banuri, Sheheryar; Nguyen, Ha (2020).
2993:Largest software companies by revenue
2577:
1780:
1542:
1397:
1205:. Boston: Martinus Nijhoff. pp.
1129:
1127:
947:
776:
772:
770:
768:
729:
725:
723:
721:
610:(These de doctorat thesis). Bordeaux.
2973:Largest corporate profits and losses
1423:
621:
619:
617:
354:
352:
3046:Countries by number of billionaires
738:, Basingstoke: Palgrave Macmillan,
237:
174:
151:
13:
2603:
1568:
1461:The Engineers and the Price System
1124:
765:
718:
14:
3328:
2695:Primitive accumulation of capital
1451:The Theory of Business Enterprise
795:
614:
349:
46:, named after American economist
3041:Cities by number of billionaires
70:, something few others can own.
3242:The Theory of the Leisure Class
3117:Acquired situational narcissism
1441:The Theory of the Leisure Class
1355:
1328:
1295:
1258:
1192:
1174:
1085:
1058:
1019:
980:
941:
892:
849:
814:
789:
683:
604:Goldstein, Robin (2019-06-03).
93:The Theory of the Leisure Class
3056:Countries by wealth inequality
2656:History of economic inequality
2548:Historical school of economics
1337:Journal of Economic Psychology
1268:Quarterly Journal of Economics
1110:10.1016/j.ecolecon.2016.12.016
827:. Princeton University Press.
658:
597:
583:10.1080/00213624.1983.11504096
558:
523:
460:
422:
405:
224:common law of business balance
163:Nonetheless, one exception is
1:
1349:10.1016/S0167-4870(97)00038-X
1306:The individual in the economy
1152:10.1080/13504851.2020.1855306
1044:10.1016/j.jpubeco.2007.12.007
542:10.4159/harvard.9780674497900
342:
73:
3023:Number of billionaire alumni
2968:Largest companies by revenue
2492:Theory of two-level planning
1987:New institutional economists
1232:Journal of Consumer Research
954:The American Economic Review
632:The American Economic Review
536:. Harvard University Press.
7:
1972:Edward Lawrence Wheelwright
1032:Journal of Public Economics
530:Hirsch, Fred (2013-10-01).
305:
199:. Related effects include:
110:
88:keeping up with the Joneses
10:
3333:
2467:Penalty of taking the lead
1513:Thorstein Veblen Farmstead
1312:Cambridge University Press
1005:10.1016/j.jebo.2013.04.011
855:Canterbery, E. R. (1998).
744:10.1057/9781137336583.1928
571:Journal of Economic Issues
133:Relative consumption trap.
18:
3269:
3198:
3172:
3139:
3102:
3095:
3051:Countries by total wealth
3033:
2958:
2930:List of centibillionaires
2912:
2905:
2833:
2774:High-net-worth individual
2756:
2619:
2612:
2510:
2374:
2291:
2058:
1985:
1814:
1577:
1497:
1472:
1431:
1186:news-service.stanford.edu
1140:Applied Economics Letters
948:Frank, Robert H. (1985).
730:Eaton, B. Curtis (2012),
444:10.1007/978-3-319-79066-4
2663:International inequality
2651:Consumption distribution
2563:Post-Keynesian economics
2543:French historical school
1815:Institutional economists
1202:Economics of Information
917:10.1257/0002828042002705
905:American Economic Review
870:10.4324/9780203021927-14
429:Campbell, Colin (2018).
19:Not to be confused with
3312:Institutional economics
2739:Conspicuous consumption
2538:Evolutionary psychology
2402:Conspicuous consumption
1808:Institutional economics
1635:(Post-)experience goods
1506:Institutional economics
1481:Conspicuous consumption
1071:. Tampereen yliopisto.
533:Social Limits to Growth
493:10.1126/science.1145876
365:SSRN Electronic Journal
246:when it depends on the
60:conspicuous consumption
3125:Argumentum ad crumenam
2533:Evolutionary economics
2375:Key concepts and ideas
2331:Donald Angus MacKenzie
1957:George W. Stocking Sr.
1877:John Kenneth Galbraith
1746:(Non-)excludable goods
411:Veblen, T. B. (1899).
312:Choice-supportive bias
211:
188:
120:
35:
3256:The Wealth of Nations
3107:Diseases of affluence
2523:Development economics
2432:Hiding hand principle
2422:Effective competition
2293:Economic sociologists
2060:Behavioral economists
1922:Wesley Clair Mitchell
1742:(Non-)rivalrous goods
833:10.1515/9781400884698
665:John C. Wood (1993).
205:
182:
118:
30:Veblen goods such as
29:
3164:Venture philanthropy
3159:Philanthrocapitalism
3071:Most expensive items
2945:Wealthiest Americans
2925:list of billionaires
2624:Capital accumulation
2452:Market concentration
2417:Countervailing power
2223:Sendhil Mullainathan
2050:Oliver E. Williamson
1882:Walton Hale Hamilton
1827:Clarence Edwin Ayres
1602:Common-pool resource
1520:Veblen-Commons Award
1098:Ecological Economics
779:Minnesota Law Review
669:. Psychology Press.
417:Macmillan Publishers
373:10.2139/ssrn.3721084
206:The stainless steel
58:in the practices of
3220:Greek god of wealth
3131:Prosperity theology
2950:Wealthiest families
2935:Female billionaires
2769:Captain of industry
2744:Conspicuous leisure
2646:Income distribution
2641:Wealth distribution
2636:Economic inequality
2502:Veblenian dichotomy
2412:Conventional wisdom
2407:Conspicuous leisure
2397:Bounded rationality
2387:Administered prices
2208:Brigitte C. Madrian
2010:Steven N. S. Cheung
1892:Albert O. Hirschman
1887:Orris C. Herfindahl
1664:Global public goods
1630:(Non-)durable goods
1607:Complementary goods
1488:Conspicuous leisure
485:2007Sci...318.1305F
479:(5854): 1305–1308.
302:of a price change.
299:substitution effect
281:interaction effects
64:conspicuous leisure
3083:Wealthiest animals
2518:Cultural economics
2382:Accelerator effect
2198:George Loewenstein
2138:Catherine C. Eckel
1857:John Maurice Clark
1822:Werner Abelshauser
1684:Intermediate goods
690:Rae, John (1905).
273:Harvey Leibenstein
212:
189:
121:
36:
3307:Goods (economics)
3289:
3288:
3265:
3264:
3154:The Giving Pledge
3091:
3090:
2901:
2900:
2571:
2570:
2392:Barriers to entry
2258:Robert J. Shiller
2218:Matteo Motterlini
1962:Lars PĂĄlsson Syll
1774:
1773:
1674:Information goods
1615:Independent goods
1536:
1535:
1321:978-0-521-26872-1
1216:978-0-89838-067-5
1078:978-951-44-7584-9
879:978-0-203-02192-7
842:978-1-4008-8469-8
753:978-1-137-33658-3
676:978-0-415-07487-2
551:978-0-674-49790-0
453:978-3-319-79065-7
332:Easterlin paradox
165:ethical consumers
3324:
3317:Thorstein Veblen
3149:Gospel of Wealth
3100:
3099:
2910:
2909:
2721:
2712:
2629:Overaccumulation
2617:
2616:
2598:
2591:
2584:
2575:
2574:
2477:Shortage economy
2462:Market structure
2427:Herfindahl index
2351:Laurent Thévenot
2346:Richard Swedberg
2341:Lynette Spillman
2326:Mark Granovetter
2311:James S. Coleman
2283:Georg Weizsäcker
2278:Robert W. Vishny
2243:Klaus M. Schmidt
2193:Jeffrey R. Kling
2088:Douglas Bernheim
1977:Erich Zimmermann
1967:Thorstein Veblen
1947:Herbert A. Simon
1942:François Simiand
1917:Jesse W. Markham
1897:Geoffrey Hodgson
1837:Shimshon Bichler
1801:
1794:
1787:
1778:
1777:
1679:Intangible goods
1649:Positional goods
1611:Substitute goods
1582:Anti-rival goods
1563:
1556:
1549:
1540:
1539:
1529:
1522:
1515:
1508:
1490:
1483:
1465:
1455:
1445:
1425:Thorstein Veblen
1418:
1411:
1404:
1395:
1394:
1388:
1387:
1364:Yale Law Journal
1359:
1353:
1352:
1332:
1326:
1325:
1309:
1299:
1293:
1292:
1262:
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1255:
1227:
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1220:
1196:
1190:
1189:
1178:
1172:
1171:
1131:
1122:
1121:
1089:
1083:
1082:
1062:
1056:
1055:
1038:(5–6): 986–997.
1023:
1017:
1016:
984:
978:
977:
945:
939:
938:
928:
911:(4): 1085–1107.
896:
890:
889:
887:
886:
853:
847:
846:
818:
812:
811:
793:
787:
786:
774:
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715:
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623:
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527:
521:
520:
464:
458:
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437:
426:
420:
409:
403:
402:
384:
356:
317:Consumer surplus
244:bandwagon effect
238:Bandwagon effect
231:hot-hand fallacy
175:Related concepts
169:virtue signaling
152:Ethical concerns
86:-seeking (i.e.,
80:Thorstein Veblen
48:Thorstein Veblen
3332:
3331:
3327:
3326:
3325:
3323:
3322:
3321:
3302:Consumer theory
3292:
3291:
3290:
3285:
3261:
3194:
3190:Too big to fail
3168:
3135:
3087:
3029:
3008:Philanthropists
2954:
2897:
2829:
2752:
2608:
2602:
2572:
2567:
2506:
2487:Technostructure
2442:Instrumentalism
2437:Hirschman cycle
2370:
2366:Viviana Zelizer
2336:Joel M. Podolny
2287:
2213:Gary McClelland
2178:Daniel Kahneman
2173:David Ryan Just
2168:Charles A. Holt
2148:Urs Fischbacher
2133:Stephen Duneier
2123:Werner De Bondt
2054:
1981:
1932:Jonathan Nitzan
1872:Robert H. Frank
1862:John R. Commons
1842:Robert A. Brady
1810:
1805:
1775:
1770:
1730:Household goods
1713:Necessity goods
1620:Composite goods
1573:
1567:
1537:
1532:
1525:
1518:
1511:
1504:
1493:
1486:
1479:
1468:
1458:
1448:
1438:
1427:
1422:
1392:
1391:
1360:
1356:
1333:
1329:
1322:
1300:
1296:
1281:10.2307/1882692
1263:
1259:
1238:(32): 324–329.
1228:
1224:
1217:
1197:
1193:
1180:
1179:
1175:
1132:
1125:
1090:
1086:
1079:
1063:
1059:
1024:
1020:
985:
981:
946:
942:
897:
893:
884:
882:
880:
856:
854:
850:
843:
819:
815:
794:
790:
775:
766:
758:
756:
754:
728:
719:
704:
688:
684:
677:
663:
659:
624:
615:
602:
598:
563:
559:
552:
528:
524:
465:
461:
454:
435:
427:
423:
410:
406:
357:
350:
345:
308:
269:
240:
177:
158:deadweight loss
154:
113:
76:
68:positional good
24:
17:
12:
11:
5:
3330:
3320:
3319:
3314:
3309:
3304:
3287:
3286:
3284:
3283:
3282:
3281:
3270:
3267:
3266:
3263:
3262:
3260:
3259:
3252:
3245:
3238:
3237:
3236:
3224:
3223:
3222:
3210:
3202:
3200:
3196:
3195:
3193:
3192:
3187:
3182:
3176:
3174:
3170:
3169:
3167:
3166:
3161:
3156:
3151:
3145:
3143:
3137:
3136:
3134:
3133:
3128:
3121:
3120:
3119:
3114:
3103:
3097:
3093:
3092:
3089:
3088:
3086:
3085:
3080:
3079:
3078:
3068:
3063:
3058:
3053:
3048:
3043:
3037:
3035:
3031:
3030:
3028:
3027:
3026:
3025:
3020:
3018:Endowment size
3012:
3011:
3010:
3000:
2995:
2990:
2985:
2980:
2975:
2970:
2964:
2962:
2956:
2955:
2953:
2952:
2947:
2942:
2940:Richest royals
2937:
2932:
2927:
2918:
2916:
2907:
2903:
2902:
2899:
2898:
2896:
2895:
2890:
2885:
2880:
2875:
2870:
2865:
2860:
2855:
2850:
2845:
2839:
2837:
2831:
2830:
2828:
2827:
2822:
2821:
2820:
2815:
2810:
2800:
2795:
2794:
2793:
2783:
2782:
2781:
2771:
2766:
2760:
2758:
2754:
2753:
2751:
2750:
2749:
2748:
2747:
2746:
2741:
2726:
2725:
2724:
2715:
2701:
2700:
2699:
2698:
2697:
2685:
2680:
2675:
2670:
2665:
2660:
2659:
2658:
2653:
2648:
2643:
2633:
2632:
2631:
2620:
2614:
2610:
2609:
2601:
2600:
2593:
2586:
2578:
2569:
2568:
2566:
2565:
2560:
2558:Microeconomics
2555:
2550:
2545:
2540:
2535:
2530:
2525:
2520:
2514:
2512:
2511:Related fields
2508:
2507:
2505:
2504:
2499:
2494:
2489:
2484:
2479:
2474:
2469:
2464:
2459:
2454:
2449:
2447:Kuznets cycles
2444:
2439:
2434:
2429:
2424:
2419:
2414:
2409:
2404:
2399:
2394:
2389:
2384:
2378:
2376:
2372:
2371:
2369:
2368:
2363:
2361:Harrison White
2358:
2356:Carlo Trigilia
2353:
2348:
2343:
2338:
2333:
2328:
2323:
2318:
2313:
2308:
2303:
2297:
2295:
2289:
2288:
2286:
2285:
2280:
2275:
2270:
2268:Richard Thaler
2265:
2260:
2255:
2250:
2245:
2240:
2238:Howard Rachlin
2235:
2230:
2228:Michael Norton
2225:
2220:
2215:
2210:
2205:
2200:
2195:
2190:
2185:
2180:
2175:
2170:
2165:
2160:
2155:
2153:Herbert Gintis
2150:
2145:
2140:
2135:
2130:
2125:
2120:
2115:
2110:
2108:David Cesarini
2105:
2100:
2095:
2090:
2085:
2080:
2075:
2070:
2068:George Ainslie
2064:
2062:
2056:
2055:
2053:
2052:
2047:
2042:
2037:
2035:Douglass North
2032:
2027:
2022:
2020:Harold Demsetz
2017:
2012:
2007:
2002:
2000:Armen Alchian
1997:
1995:Daron Acemoglu
1991:
1989:
1983:
1982:
1980:
1979:
1974:
1969:
1964:
1959:
1954:
1952:Frank Stilwell
1949:
1944:
1939:
1937:Warren Samuels
1934:
1929:
1924:
1919:
1914:
1909:
1904:
1899:
1894:
1889:
1884:
1879:
1874:
1869:
1867:Richard T. Ely
1864:
1859:
1854:
1849:
1847:Daniel Bromley
1844:
1839:
1834:
1829:
1824:
1818:
1816:
1812:
1811:
1804:
1803:
1796:
1789:
1781:
1772:
1771:
1769:
1768:
1763:
1758:
1756:Superior goods
1753:
1748:
1739:
1734:
1733:
1732:
1722:
1720:Ordinary goods
1717:
1716:
1715:
1705:
1700:
1691:
1686:
1681:
1676:
1671:
1669:Inferior goods
1666:
1661:
1659:Global commons
1656:
1651:
1642:
1637:
1632:
1627:
1625:Credence goods
1622:
1617:
1604:
1599:
1594:
1589:
1584:
1578:
1575:
1574:
1566:
1565:
1558:
1551:
1543:
1534:
1533:
1531:
1530:
1523:
1516:
1509:
1501:
1499:
1495:
1494:
1492:
1491:
1484:
1476:
1474:
1470:
1469:
1467:
1466:
1456:
1446:
1435:
1433:
1429:
1428:
1421:
1420:
1413:
1406:
1398:
1390:
1389:
1376:10.2307/796772
1354:
1343:(1): 107–131.
1327:
1320:
1294:
1275:(2): 183–207.
1257:
1244:10.1086/432241
1222:
1215:
1191:
1173:
1123:
1084:
1077:
1057:
1018:
979:
960:(1): 101–116.
940:
891:
878:
848:
841:
813:
788:
764:
752:
732:"Veblen Goods"
717:
702:
682:
675:
657:
638:(3): 349–373.
613:
596:
577:(1): 197–206.
557:
550:
522:
459:
452:
421:
404:
347:
346:
344:
341:
340:
339:
334:
329:
324:
319:
314:
307:
304:
268:
265:
252:network effect
239:
236:
235:
234:
227:
220:
197:microeconomics
176:
173:
167:interested in
153:
150:
141:
140:
137:
134:
131:
112:
109:
107:or all goods.
75:
72:
15:
9:
6:
4:
3:
2:
3329:
3318:
3315:
3313:
3310:
3308:
3305:
3303:
3300:
3299:
3297:
3280:
3277:
3276:
3275:
3272:
3271:
3268:
3258:
3257:
3253:
3251:
3250:
3246:
3244:
3243:
3239:
3235:
3232:
3231:
3230:
3229:
3225:
3221:
3218:
3217:
3216:
3215:
3211:
3209:
3208:
3204:
3203:
3201:
3197:
3191:
3188:
3186:
3183:
3181:
3178:
3177:
3175:
3171:
3165:
3162:
3160:
3157:
3155:
3152:
3150:
3147:
3146:
3144:
3142:
3138:
3132:
3129:
3127:
3126:
3122:
3118:
3115:
3113:
3110:
3109:
3108:
3105:
3104:
3101:
3098:
3094:
3084:
3081:
3077:
3074:
3073:
3072:
3069:
3067:
3064:
3062:
3059:
3057:
3054:
3052:
3049:
3047:
3044:
3042:
3039:
3038:
3036:
3032:
3024:
3021:
3019:
3016:
3015:
3014:Universities
3013:
3009:
3006:
3005:
3004:
3001:
2999:
2996:
2994:
2991:
2989:
2986:
2984:
2981:
2979:
2976:
2974:
2971:
2969:
2966:
2965:
2963:
2961:
2960:Organizations
2957:
2951:
2948:
2946:
2943:
2941:
2938:
2936:
2933:
2931:
2928:
2926:
2924:
2920:
2919:
2917:
2915:
2911:
2908:
2904:
2894:
2891:
2889:
2886:
2884:
2881:
2879:
2876:
2874:
2871:
2869:
2866:
2864:
2861:
2859:
2856:
2854:
2851:
2849:
2846:
2844:
2843:Concentration
2841:
2840:
2838:
2836:
2832:
2826:
2823:
2819:
2816:
2814:
2811:
2809:
2806:
2805:
2804:
2801:
2799:
2796:
2792:
2789:
2788:
2787:
2784:
2780:
2777:
2776:
2775:
2772:
2770:
2767:
2765:
2762:
2761:
2759:
2755:
2745:
2742:
2740:
2737:
2736:
2735:
2732:
2731:
2730:
2727:
2723:
2720:
2716:
2714:
2711:
2710:Nouveau riche
2707:
2706:
2705:
2702:
2696:
2693:
2692:
2691:
2690:
2689:
2686:
2684:
2681:
2679:
2676:
2674:
2671:
2669:
2666:
2664:
2661:
2657:
2654:
2652:
2649:
2647:
2644:
2642:
2639:
2638:
2637:
2634:
2630:
2627:
2626:
2625:
2622:
2621:
2618:
2615:
2611:
2607:
2599:
2594:
2592:
2587:
2585:
2580:
2579:
2576:
2564:
2561:
2559:
2556:
2554:
2553:Legal realism
2551:
2549:
2546:
2544:
2541:
2539:
2536:
2534:
2531:
2529:
2526:
2524:
2521:
2519:
2516:
2515:
2513:
2509:
2503:
2500:
2498:
2495:
2493:
2490:
2488:
2485:
2483:
2480:
2478:
2475:
2473:
2470:
2468:
2465:
2463:
2460:
2458:
2455:
2453:
2450:
2448:
2445:
2443:
2440:
2438:
2435:
2433:
2430:
2428:
2425:
2423:
2420:
2418:
2415:
2413:
2410:
2408:
2405:
2403:
2400:
2398:
2395:
2393:
2390:
2388:
2385:
2383:
2380:
2379:
2377:
2373:
2367:
2364:
2362:
2359:
2357:
2354:
2352:
2349:
2347:
2344:
2342:
2339:
2337:
2334:
2332:
2329:
2327:
2324:
2322:
2321:Paula England
2319:
2317:
2316:Paul DiMaggio
2314:
2312:
2309:
2307:
2306:Fred L. Block
2304:
2302:
2299:
2298:
2296:
2294:
2290:
2284:
2281:
2279:
2276:
2274:
2271:
2269:
2266:
2264:
2261:
2259:
2256:
2254:
2253:Hersh Shefrin
2251:
2249:
2246:
2244:
2241:
2239:
2236:
2234:
2233:Matthew Rabin
2231:
2229:
2226:
2224:
2221:
2219:
2216:
2214:
2211:
2209:
2206:
2204:
2203:Graham Loomes
2201:
2199:
2196:
2194:
2191:
2189:
2188:George Katona
2186:
2184:
2181:
2179:
2176:
2174:
2171:
2169:
2166:
2164:
2163:David Halpern
2161:
2159:
2156:
2154:
2151:
2149:
2146:
2144:
2141:
2139:
2136:
2134:
2131:
2129:
2126:
2124:
2121:
2119:
2118:Rachel Croson
2116:
2114:
2111:
2109:
2106:
2104:
2103:Colin Camerer
2101:
2099:
2098:Sarah Brosnan
2096:
2094:
2093:Samuel Bowles
2091:
2089:
2086:
2084:
2081:
2079:
2076:
2074:
2071:
2069:
2066:
2065:
2063:
2061:
2057:
2051:
2048:
2046:
2045:Elinor Ostrom
2043:
2041:
2038:
2036:
2033:
2031:
2030:Claude MĂ©nard
2028:
2026:
2023:
2021:
2018:
2016:
2013:
2011:
2008:
2006:
2005:Masahiko Aoki
2003:
2001:
1998:
1996:
1993:
1992:
1990:
1988:
1984:
1978:
1975:
1973:
1970:
1968:
1965:
1963:
1960:
1958:
1955:
1953:
1950:
1948:
1945:
1943:
1940:
1938:
1935:
1933:
1930:
1928:
1927:Gunnar Myrdal
1925:
1923:
1920:
1918:
1915:
1913:
1910:
1908:
1907:Simon Kuznets
1905:
1903:
1900:
1898:
1895:
1893:
1890:
1888:
1885:
1883:
1880:
1878:
1875:
1873:
1870:
1868:
1865:
1863:
1860:
1858:
1855:
1853:
1852:Ha-Joon Chang
1850:
1848:
1845:
1843:
1840:
1838:
1835:
1833:
1830:
1828:
1825:
1823:
1820:
1819:
1817:
1813:
1809:
1802:
1797:
1795:
1790:
1788:
1783:
1782:
1779:
1767:
1764:
1762:
1759:
1757:
1754:
1752:
1749:
1747:
1743:
1740:
1738:
1735:
1731:
1728:
1727:
1726:
1725:Private goods
1723:
1721:
1718:
1714:
1711:
1710:
1709:
1706:
1704:
1703:Neutral goods
1701:
1699:
1698:demerit goods
1695:
1692:
1690:
1687:
1685:
1682:
1680:
1677:
1675:
1672:
1670:
1667:
1665:
1662:
1660:
1657:
1655:
1652:
1650:
1646:
1643:
1641:
1638:
1636:
1633:
1631:
1628:
1626:
1623:
1621:
1618:
1616:
1612:
1608:
1605:
1603:
1600:
1598:
1595:
1593:
1590:
1588:
1587:Capital goods
1585:
1583:
1580:
1579:
1576:
1572:
1564:
1559:
1557:
1552:
1550:
1545:
1544:
1541:
1528:
1524:
1521:
1517:
1514:
1510:
1507:
1503:
1502:
1500:
1498:Miscellaneous
1496:
1489:
1485:
1482:
1478:
1477:
1475:
1471:
1463:
1462:
1457:
1453:
1452:
1447:
1443:
1442:
1437:
1436:
1434:
1430:
1426:
1419:
1414:
1412:
1407:
1405:
1400:
1399:
1396:
1385:
1381:
1377:
1373:
1369:
1365:
1358:
1350:
1346:
1342:
1338:
1331:
1323:
1317:
1313:
1310:. Cambridge:
1308:
1307:
1298:
1290:
1286:
1282:
1278:
1274:
1270:
1269:
1261:
1253:
1249:
1245:
1241:
1237:
1233:
1226:
1218:
1212:
1208:
1204:
1203:
1195:
1188:. 2008-01-15.
1187:
1183:
1177:
1169:
1165:
1161:
1157:
1153:
1149:
1145:
1141:
1137:
1130:
1128:
1119:
1115:
1111:
1107:
1103:
1099:
1095:
1088:
1080:
1074:
1070:
1069:
1061:
1053:
1049:
1045:
1041:
1037:
1033:
1029:
1022:
1014:
1010:
1006:
1002:
998:
994:
990:
983:
975:
971:
967:
963:
959:
955:
951:
944:
936:
932:
927:
922:
918:
914:
910:
906:
902:
895:
881:
875:
871:
867:
863:
859:
852:
844:
838:
834:
830:
826:
825:
817:
809:
805:
801:
800:
796:Piong, Chee.
792:
784:
780:
773:
771:
769:
755:
749:
745:
741:
737:
733:
726:
724:
722:
713:
709:
705:
703:0-659-91292-9
699:
696:. Macmillan.
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293:income effect
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56:status symbol
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52:law of demand
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42:is a type of
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28:
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3254:
3248:
3240:
3227:
3213:
3205:
3141:Philanthropy
3123:
2922:
2848:Distribution
2825:Robber baron
2734:Veblen goods
2733:
2729:Luxury goods
2718:
2709:
2497:Veblen goods
2496:
2457:Market power
2301:Jens Beckert
2273:Amos Tversky
2248:Eldar Shafir
2113:Kay-Yut Chen
2040:Mancur Olson
2015:Ronald Coase
1912:Hunter Lewis
1902:János Kornai
1766:Veblen goods
1765:
1751:Search goods
1737:Public goods
1708:Normal goods
1689:Luxury goods
1654:Giffen goods
1597:Common goods
1526:
1459:
1449:
1439:
1370:(1): 1–104.
1367:
1363:
1357:
1340:
1336:
1330:
1305:
1297:
1272:
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883:. Retrieved
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823:
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782:
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757:, retrieved
735:
692:
685:
666:
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631:
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574:
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297:
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288:Giffen goods
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125:
122:
105:luxury goods
102:
91:
77:
39:
37:
3207:Das Kapital
3076:by category
2798:Millionaire
2764:Billionaire
2722:(old money)
2719:Vieux riche
2713:(new money)
2704:Upper class
2472:Satisficing
2183:Ariel Kalil
2078:Nava Ashraf
2025:Avner Greif
1832:Joe S. Bain
1694:Merit goods
1640:Final goods
1527:Veblen good
999:: 159–178.
382:10986/34351
337:Giffen good
322:Normal good
217:snob effect
98:Fred Hirsch
44:luxury good
40:Veblen good
32:luxury cars
21:Giffen good
3296:Categories
3279:by country
3228:Superclass
2873:Management
2683:Plutocracy
2158:Uri Gneezy
2143:Armin Falk
2128:Paul Dolan
2073:Dan Ariely
1761:Used goods
1645:Free goods
1592:Club goods
885:2021-04-23
759:2021-04-23
712:1083987505
343:References
256:telephones
248:psychology
183:Expensive
74:Background
3112:Affluenza
3003:Charities
2868:Inherited
2863:Geography
2818:Ukrainian
2688:Plutonomy
2678:Overclass
2673:Oligarchy
2263:Uwe Sunde
2083:Ofer Azar
1569:Types of
1252:145211986
1168:229451267
1160:1350-4851
1146:: 72–74.
1118:0921-8009
1104:: 40–48.
1052:0047-2727
1013:0167-2681
966:0002-8282
935:0002-8282
808:900552999
644:0002-8282
591:0021-3624
501:0036-8075
399:233752235
391:1556-5068
185:Champagne
3274:Category
2888:Religion
2878:National
2853:Dynastic
2808:Business
2803:Oligarch
2791:Business
2613:Concepts
2604:Extreme
1473:Concepts
517:44951330
509:18033886
415:London:
306:See also
296:and the
260:Facebook
111:Analysis
3173:Sayings
3096:Related
2813:Russian
2786:Magnate
1289:1882692
974:1812706
652:2118201
481:Bibcode
473:Science
3249:Wealth
3214:Plutus
2923:Forbes
2914:People
2858:Effect
2835:Wealth
2757:People
2606:wealth
1464:(1921)
1454:(1904)
1444:(1899)
1384:796772
1382:
1318:
1287:
1250:
1213:
1166:
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1116:
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450:
397:
389:
84:status
3199:Media
3034:Other
2906:Lists
2883:Paper
2779:UHNWI
2668:Elite
1571:goods
1432:Books
1380:JSTOR
1285:JSTOR
1248:S2CID
1207:25–29
1164:S2CID
970:JSTOR
648:JSTOR
513:S2CID
436:(PDF)
395:S2CID
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3234:List
1744:and
1696:and
1647:vs.
1613:vs.
1609:vs.
1316:ISBN
1211:ISBN
1156:ISSN
1114:ISSN
1073:ISBN
1048:ISSN
1009:ISSN
962:ISSN
931:ISSN
874:ISBN
837:ISBN
804:OCLC
748:ISBN
708:OCLC
698:ISBN
671:ISBN
640:ISSN
587:ISSN
546:ISBN
505:PMID
497:ISSN
448:ISBN
387:ISSN
229:The
222:The
215:The
62:and
2893:Tax
1372:doi
1368:102
1345:doi
1277:doi
1240:doi
1148:doi
1106:doi
1102:134
1040:doi
1001:doi
921:hdl
913:doi
866:doi
829:doi
740:doi
579:doi
538:doi
489:doi
477:318
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377:hdl
369:doi
258:or
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