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Ori Heffetz - One of the best experts on this subject based on the ideXlab platform.

  • a test of Conspicuous Consumption visibility and income elasticities
    The Review of Economics and Statistics, 2011
    Co-Authors: Ori Heffetz
    Abstract:

    This paper shows that, consistent with a signaling-by-consuming model a la Veblen, income elasticities can be predicted from the visibility of consumer expenditures. We outline a stylized Conspicuous Consumption model where income elasticity is endogenously predicted to be higher if a good is visible and lower if it is not. We then develop a survey-based measure of expenditure visibility, ranking different expenditures by how noticeable they are to others. Finally, we show that our visibility measure predicts up to one-third of the observed variation in elasticities across Consumption categories in U.S. data. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

  • A Test of Conspicuous Consumption: Visibility and Income Elasticities
    Review of Economics and Statistics, 2011
    Co-Authors: Ori Heffetz
    Abstract:

    Abstract This paper shows that, consistent with a signaling-by-consuming model a la Veblen, income elasticities can be predicted from the visibility of consumer expenditures. We outline a stylized Conspicuous Consumption model where income elasticity is endogenously predicted to be higher if a good is visible and lower if it is not. We then develop a survey-based measure of expenditure visibility, ranking different expenditures by how noticeable they are to others. Finally, we show that our visibility measure predicts up to one-third of the observed variation in elasticities across Consumption categories in U.S. data.

Ernst Juerg Weber - One of the best experts on this subject based on the ideXlab platform.

  • Sexual selection, Conspicuous Consumption and economic growth
    Journal of Bioeconomics, 2015
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    We propose that the evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Females prefer males who express the costly and honest signal, leading males who engage in Conspicuous Consumption to have higher reproductive success than those who do not, increasing the prevalence of signalling males in the population. As males fund their Conspicuous Consumption through participation in the labour force, an increase in the prevalence of signalling males gives rise to an increase in economic activity that leads to economic growth.

  • sexual selection Conspicuous Consumption and economic growth
    Social Science Research Network, 2013
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    We propose that the evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Females respond to the costly and honest signal, leading males who engage in Conspicuous Consumption to have higher reproductive success than those who do not, increasing the prevalence of signalling males in the population. As males fund Conspicuous Consumption through participation in the labour force, an increase in the prevalence of signalling males gives rise to an increase in economic activity that leads to economic growth.

  • sexual selection Conspicuous Consumption and economic growth
    Research Papers in Economics, 2012
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    The evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Males who engage in Conspicuous Consumption have higher reproductive success than those who do not, as females respond to the costly and honest signal, increasing the prevalence of signalling males in the population over time. As males fund Conspicuous Consumption through participation in the labour force, the increase in the prevalence of signalling males who engage in Conspicuous Consumption gives rise to an increase in economic activity that leads to economic growth.

Katsunori Yamada - One of the best experts on this subject based on the ideXlab platform.

  • macroeconomic implications of Conspicuous Consumption a sombartian dynamic model
    Social Science Research Network, 2008
    Co-Authors: Katsunori Yamada
    Abstract:

    This paper presents a dynamic general equilibrium model in which consumers have status preference. I investigate the manner in which capital accumulation is impeded by Conspicuous Consumption a la Corneo and Jeanne (1997). Following the literature, social norms are given as either bandwagon type or snob type. I show that when the economy is characterized by a bandwagon type social norm, capital accumulation exhibits interesting patterns. Those patterns include, for example, an oscillating convergence path: the rise of the economy feeds its decay through Conspicuous Consumption and that decay suppresses Conspicuous Consumption and engenders prosperity, as predicted by Sombart (1912).

  • macroeconomic implications of Conspicuous Consumption a sombartian dynamic model
    Journal of Economic Behavior and Organization, 2008
    Co-Authors: Katsunori Yamada
    Abstract:

    This chapter presents a dynamic general equilibrium model in which consumers have status preference. I investigate the manner in which capital accumulation is impeded by Conspicuous Consumption a la Corneo and Jeanne (J Public Econ 66:55–71, 1997a). Following the literature, social norms are given as either bandwagon type or snob type. I then show that when the economy is characterized by a bandwagon type social norm, capital accumulation exhibits interesting patterns. Those patterns include, for example, an oscillating convergence path: the rise of the economy feeds its decay through Conspicuous Consumption and that decay suppresses Conspicuous Consumption and engenders prosperity, as predicted by Sombart (Liebe, Luxus und Kapitalismus (reprinted 1967). Deutscher Taschenbuch Verlag, Munchen, 1912).

Jason Collins - One of the best experts on this subject based on the ideXlab platform.

  • Sexual selection, Conspicuous Consumption and economic growth
    Journal of Bioeconomics, 2015
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    We propose that the evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Females prefer males who express the costly and honest signal, leading males who engage in Conspicuous Consumption to have higher reproductive success than those who do not, increasing the prevalence of signalling males in the population. As males fund their Conspicuous Consumption through participation in the labour force, an increase in the prevalence of signalling males gives rise to an increase in economic activity that leads to economic growth.

  • sexual selection Conspicuous Consumption and economic growth
    Social Science Research Network, 2013
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    We propose that the evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Females respond to the costly and honest signal, leading males who engage in Conspicuous Consumption to have higher reproductive success than those who do not, increasing the prevalence of signalling males in the population. As males fund Conspicuous Consumption through participation in the labour force, an increase in the prevalence of signalling males gives rise to an increase in economic activity that leads to economic growth.

  • sexual selection Conspicuous Consumption and economic growth
    Research Papers in Economics, 2012
    Co-Authors: Jason Collins, Boris Baer, Ernst Juerg Weber
    Abstract:

    The evolution by sexual selection of the male propensity to engage in Conspicuous Consumption contributed to the emergence of modern rates of economic growth. We develop a model in which males engage in Conspicuous Consumption to send an honest signal of their quality to females. Males who engage in Conspicuous Consumption have higher reproductive success than those who do not, as females respond to the costly and honest signal, increasing the prevalence of signalling males in the population over time. As males fund Conspicuous Consumption through participation in the labour force, the increase in the prevalence of signalling males who engage in Conspicuous Consumption gives rise to an increase in economic activity that leads to economic growth.

Jeffrey S Podoshen - One of the best experts on this subject based on the ideXlab platform.

  • an exploratory comparison of materialism and Conspicuous Consumption in pakistan
    Journal of International Consumer Marketing, 2018
    Co-Authors: Madhoo Dev, Jeffrey S Podoshen, Muhammad Shahzad
    Abstract:

    This exploratory research examines materialism and Conspicuous Consumption in a developing Asian nation, Pakistan. While Pakistan has not enjoyed the same momentum of its neighbor India in terms of...

  • materialism Conspicuous Consumption and american hip hop subculture
    Journal of International Consumer Marketing, 2014
    Co-Authors: Jeffrey S Podoshen, Susan A Andrzejewski, James M Hunt
    Abstract:

    Utilizing survey data from over 1,000 American consumers, located in the northeastern part of the United States, we found through the use of multiple regression techniques, that those who prefer to listen to hip-hop score higher on all three aspects of the Richins and Dawson materialism scales than those who don’t. African Americans scored higher than other Americans only in the happiness and centrality factors. Additionally we found that hip-hop listeners scored higher in Conspicuous Consumption compared to those who claimed not to be listeners of the genre.

  • an examination of materialism Conspicuous Consumption and gender differences
    International Journal of Consumer Studies, 2013
    Co-Authors: Brenda Segal, Jeffrey S Podoshen
    Abstract:

    This paper examines gender differences in terms of materialism, Conspicuous Consumption, brand loyalty and impulse buying. We build our hypotheses based on both existing marketing and Consumption literature with an additional integration of historical and gender studies literature in order to further augment the study of materialism and its related variables. Our study used survey data from 1180 Americans living in four northeastern states. Results show that significant differences between the genders were found in terms of materialism, Conspicuous Consumption and impulse buying. No significant difference was found in terms of brand loyalty.

  • an examination of the relationships between materialism Conspicuous Consumption impulse buying and brand loyalty
    The Journal of Marketing Theory and Practice, 2012
    Co-Authors: Jeffrey S Podoshen, Susan A Andrzejewski
    Abstract:

    Furthering the understanding of materialism has been of paramount concern to both consumer researchers and policymakers over the past several years. This paper examines the relationships between materialism, Conspicuous Consumption, impulse buying, and brand loyalty, as examining material-centric behavior is becoming evermore important in a Consumption-based economy. This study first examines these constructs in detail and proposes hypotheses, then through the use of structural equation modeling, explores how materialism positively relates to Conspicuous Consumption, impulse buying, and brand loyalty utilizing survey data from over 500 respondents residing in the Mid-Atlantic region of the United States. Managerial and consumer-oriented implications are discussed as we call for marketing managers to pay closer attention to societal outcomes stemming from the use of traditional marketing strategies.

  • materialism and Conspicuous Consumption in china a cross cultural examination
    International Journal of Consumer Studies, 2011
    Co-Authors: Jeffrey S Podoshen, Junfeng Zhang
    Abstract:

    With the growing rise in consumer spending and economic power in Asian societies, it is increasingly important to explore the implications of these developments on consumer culture. This cross-cultural study first discusses the rise of materialism and Conspicuous Consumption in post-revolution China then examines differences in these phenomena between young adult consumers, aged 18–35, living in urban China and the United States. Utilizing survey data from over 600 respondents, significant differences were found in both materialism and Conspicuous Consumption, with Chinese young adults scoring higher in both variables. The findings show, that compared with past comparative studies, it appears both materialism and Conspicuous Consumption are on the rise among urban Chinese consumers.