Relative concerns on visible consumption: a source of economic distortions
Do relative concerns on visible consumption give rise to economic distortions? We re-examine the question posited by Arrow and Dasgupta (2009) building upon their theoretical framework but recognizing that relative concerns can only apply to visible goods (e.g., cars, clothing, jewelry) and that ho...
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| Format: | Working paper |
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University of Oxford
2013
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