Status and the Demand for Visible Goods : Experimental Evidence on Conspicuous Consumption

Some economists argue that consumption of publicly visible goods is driven by social status. Making a causal inference about this claim is difficult with observational data. We conduct an experiment in which we vary both whether a purchase of a physical product is publicly visible or kept private and whether the income used for purchase is linked to social status or randomly assigned. Making consumption choices visible leads to a large increase in demand when income is linked to status, but not otherwise. We investigate the characteristics that mediate this effect and estimate its impact on welfare

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Year of publication:	2015
Authors:	Clingingsmith, David ; Sheremeta, Roman M.
Publisher:	[S.l.] : SSRN
Subject:	Nachfrageinterdependenz \| Interdependent preferences \| Experiment \| Sozialer Status \| Social status \| Nachfrage \| Demand \| Konsumentenverhalten \| Consumer behaviour \| Theorie \| Theory

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