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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Detalles Bibliográficos
Autores Principales: Jaramillo, Fernando, Moizeau, Fabien
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: John Wiley & Son 2003
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/27419
https://doi.org/10.1111/1467-9779.00119
id ir-10336-27419
recordtype dspace
spelling 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
spellingShingle 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