Conspicuous Consumption, Pure Profits, and the Luxury Tax
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We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals seek status, and that perceptions of wealth affect status. Under identifiable conditions, the model generates Veblen
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美国国家经济研究局创建时间：
1992-09-01
