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- Omer Gokcekus & Yui Suzuki (2014): Is there a Corruption-effect on Conspicuous Consumption?
This study empirically explores the following issue: Does corruption fuel conspicuous consumption? It examines the existence and magnitude of any potential corruption-effect on conspicuous consumption expenditure.
RePEc:sae:mareco:v:8:y:2014:i:3:p:215-235 Save to MyIDEAS - Daniel Mejía & Pascual Restrepo (2010): 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 consumption of an observable good. ... The paper proposes an information channel through which crime distorts consumption decisions; this channel is different in nature from the channel whereby crime acts as a direct tax on observable and stealable consumption goods. ... We test our model´s predictions using U.S. data, and find that crime has a negativeand significant impact on conspicuous consumption; also that this effect cannot be explained by the fact that some of these goods tend to be stolen by criminals. Finally, we show that this result is robust to different specifications and alternative measuresof conspicuous consumption and crime.
RePEc:col:000089:007716 Save to MyIDEAS - Juan Carlos Carbajal & Jonathan Hall & Hongyi Li (2015): Inconspicuous Conspicuous Consumption
A puzzling feature of conspicuous consumption, given its role in signaling wealth, is that it is not more conspicuous. ... Why may consumers prefer to deliberately obfuscate their conspicuous consumption? Our explanation is that by being imperfectly visible, subtly conspicuous consumption signals social connectedness in addition to wealth. ... Wealthy but poorly-connected individuals consume loudly conspicuous goods because subtle consumption is too costly in foregone wealth signaling. ... Further, the model predicts that more subtle consumption takes place in societies where social capital is more important.
RePEc:apc:wpaper:2015-038 Save to MyIDEAS - Shaheen Borna & Russell Wahlers (2018): Is Conspicuous Consumption Of Business Leaders Justified And Morally Defensible?
Conspicuous consumptions by corporate managers raises a wide range of issues. This paper attempts to provide some needed balance in understanding managers’ behaviors by drawing some examples from both the historic and more contemporary literature on conspicuous consumption. In this paper, we first demonstrate that conspicuous consumption of corporate leaders can be justified from economic, marketing, and philosophical perspectives. Second, we present a religious perspective in order to provide a contracting view of the morality of conspicuous consumption.
RePEc:ibf:ijmmre:v:11:y:2018:i:1:p:27-40 Save to MyIDEAS - Situngkir, Hokky (2010): Landscape in the Economy of Conspicuous Consumptions
Psychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. ... The evolutionary game theoretic works on conspicuous consumption are explored by growing the micro-view of economic agency in lattice-based populations, the landscape of consumptions.
RePEc:pra:mprapa:22948 Save to MyIDEAS - Vaios Koliofotis (2022): Sexual selection of conspicuous consumption
Recently, a number of papers draw upon ideas from sexual selection and costly signaling theory to argue that conspicuous consumption has evolved as a sexually selected mating strategy. I outline what are considered to be the criteria for arguing that a trait is the outcome of sexual selection and I explore whether conspicuous consumption is sexual adaptation. Though I share the insight that evolutionary theory can contribute to our understanding of consumption behavior, I argue that existing evolutionary explanations of conspicuous consumption do not examine human evolved psychology and available evidence about past environments. I further argue that cultural evolution theory provides an alternative explanation of conspicuous consumption in modern environments. In particular, conspicuous consumption is understood as a pattern of behavior marked by specific social learning mechanisms.
RePEc:spr:joevec:v:32:y:2022:i:2:d:10.1007_s00191-021-00753-4 Save to MyIDEAS - Moav, Omer & Neeman, Zvika (2008): Conspicuous Consumption, Human Capital and Poverty
Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a trade-off between conspicuous consumption and human capital as signals for unobserved income, under the assumption that individuals care about their status.
RePEc:cpr:ceprdp:6864 Save to MyIDEAS - Jinkins, David (2016): Conspicuous consumption in the United States and China
How do differences in the motive for conspicuous consumption in the United States and China affect the incidence of taxes in those countries? In this paper I develop a model of conspicuous consumption in which a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's belief about her well-being. ... I find that the 1990–2002 American luxury tax on automobiles led to widespread but small welfare gains, and that the stronger Chinese motive for conspicuous consumption leads to fewer households harmed and larger median welfare gains from a 10% tobacco excise tax.
RePEc:eee:jeborg:v:127:y:2016:i:c:p:115-132 Save to MyIDEAS - Jinkins, David Carson (2014): Conspicuous Consumption in the United States and China
I develop a model of conspicuous consumption to empirically measure the importance of peer beliefs to Americans and Chinese. In the model, a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's belief about her well-being. ... The absolute size of the conspicuous consumption motive in both countries is relatively small.
RePEc:iza:izadps:dp8323 Save to MyIDEAS - Armando Memushi (2014): Conspicuous Consumption and Albanians: Determinant Factors
Developing post-communist countries may have relatively higher levels of conspicuous consumption, because of extreme inequalities in income, relatively stronger social relationships and traditions and the urge to show off of the nouveaux riches, previously condemned. ... The impact that these " global" or "local" factors (gender, age, education, social environment, etc.) have on the level of conspicuous consumption of an Albanian household is analyzed, using data from the 2008 Albanian Living Standards Measurement Survey (LSMS 2008).
RePEc:seb:journl:v:12:y:2014:i:1:p:65-87 Save to MyIDEAS