Mao, Ning; McAleer, Michael; Bai, Shuyu - 2017
luxury consumption was to display wealth and social status. This paper integrates the following two papers: (1) Han and Zhou …This paper examines the impact of psychological needs on luxury consumption. Veblen's Theory of the Leisure Class (1899 …) invented the term "conspicuous consumption" to describe luxury goods and services, in which Veblen indicated the purpose of …