Crime and conspicuous consumption
This paper develops an incomplete information model wherein individuals face a trade-off between status and security when deciding the optimal amount of conspicuous consumption. On the one hand, we assume that individuals derive utility from status, which is obtained by signaling wealth through the...
| Autores Principales: | , |
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| Formato: | Desconocido (Unknown) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Universidad de los Andes, Facultad de Economía, CEDE
2018
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| Materias: | |
| Acceso en línea: | http://hdl.handle.net/1992/8230 |