Conspicuous consumption and social segmentation
This paper develops the idea that conspicuous consumption has an impact on social segmentation, i.e., on the partition of the society into communities. Even though agents do not value conspicuous goods per se, they are competing in a signalling race in order to benefit from social interactions withi...
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2003
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ir-10336-274192021-09-03T11:30:22Z Conspicuous consumption and social segmentation Consumo conspicuo y segmentación social Jaramillo, Fernando Moizeau, Fabien Consumer Economics Theory Asymmetric and private information Mechanism design Social choice Clubs Committees Associations Economic sociology Economic anthropology Language Social and economic stratification This paper develops the idea that conspicuous consumption has an impact on social segmentation, i.e., on the partition of the society into communities. Even though agents do not value conspicuous goods per se, they are competing in a signalling race in order to benefit from social interactions within a community. First, we study the equilibria of this model defining the optimal strategies and the equilibrium partition that characterizes pooling and separating equilibria. In a second step, as conspicuous consumption is a pure waste of money, we study a possible Pareto–improving taxation policy. 2003-01-31 2020-08-19T14:42:07Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion ISSN: 1097-3923 EISSN: 1467-9779 https://repository.urosario.edu.co/handle/10336/27419 https://doi.org/10.1111/1467-9779.00119 eng info:eu-repo/semantics/restrictedAccess application/pdf John Wiley & Son Blackwell Publishing Journal of Public Economic Theory |
institution |
EdocUR - Universidad del Rosario |
collection |
DSpace |
language |
Inglés (English) |
topic |
Consumer Economics Theory Asymmetric and private information Mechanism design Social choice Clubs Committees Associations Economic sociology Economic anthropology Language Social and economic stratification |
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Consumer Economics Theory Asymmetric and private information Mechanism design Social choice Clubs Committees Associations Economic sociology Economic anthropology Language Social and economic stratification Jaramillo, Fernando Moizeau, Fabien Conspicuous consumption and social segmentation |
description |
This paper develops the idea that conspicuous consumption has an impact on social segmentation, i.e., on the partition of the society into communities. Even though agents do not value conspicuous goods per se, they are competing in a signalling race in order to benefit from social interactions within a community. First, we study the equilibria of this model defining the optimal strategies and the equilibrium partition that characterizes pooling and separating equilibria. In a second step, as conspicuous consumption is a pure waste of money, we study a possible Pareto–improving taxation policy. |
format |
Artículo (Article) |
author |
Jaramillo, Fernando Moizeau, Fabien |
author_facet |
Jaramillo, Fernando Moizeau, Fabien |
author_sort |
Jaramillo, Fernando |
title |
Conspicuous consumption and social segmentation |
title_short |
Conspicuous consumption and social segmentation |
title_full |
Conspicuous consumption and social segmentation |
title_fullStr |
Conspicuous consumption and social segmentation |
title_full_unstemmed |
Conspicuous consumption and social segmentation |
title_sort |
conspicuous consumption and social segmentation |
publisher |
John Wiley & Son |
publishDate |
2003 |
url |
https://repository.urosario.edu.co/handle/10336/27419 https://doi.org/10.1111/1467-9779.00119 |
_version_ |
1712098706631688192 |
score |
12,131701 |