Bilancini, Ennio; Boncinelli, Leonardo - In: European Economic Review 67 (2014) C, pp. 174-189
preferences for social status. In particular, we consider the shape of reduced preferences that emerge in the equilibrium of a two …׳ attributes, instrumental concerns for social status are ordinal, i.e., only one׳s own rank in the distribution of attributes … matters. We show that when we depart from full observability, instrumental concerns for social status become cardinal, i …