This paper explains why some goods are purchased for conspicuous consumption at prices significantly above producers’ marginal costs. Moreover, it also explains the choice of goods that qualify for “conspicuous consumption” status. These results are obtained by modeling conspicuous consumption as a signaling game in which wealthy individuals signal their wealth to society in order to obtain hig...

in contemporary societies, socio-cultural transformations with theoretical developments in sociology have been dealt with consumption as an important topic of sociological research. however, it seems that consumption of cultural and artistic goods and productions, due to their generality and more accessibility, has more importance for study of social distinctions and cultural changes. cultural ...

This paper describes an algorithm to find an (a-)envy-free Pareto-optimal division in the case of a finite number of homogeneous infinitely divisible goods and linear utility functions. It is used to find an allocation in the classical cake division problem that is almost Pareto-op timat and o-envy-free. 9 1998 The Mathematical Pregraming, Society, Inc. Published by Elsevier Science B.V_

I analyse free-entry competition between stores and mail order businesses. Consumers purchasing at stores entail distance related transportation costs. Purchase from a mail order business (MOB) involves a fixed cost. Compared to Salop’s model [Salop, S.C., 1979. Monopolistic competition with outside goods. Bell Journal of Economics 10, 141–156], fewer firms are active with free-entry. At most o...

Despite the potential for free-riding, workers motivated by ‘making a difference’ to the mission or output of an establishment may donate labor to it. When the establishment uses performance related compensation (PRC), these labor donations closely resemble a standard private provision of public goods problem. When PRC is not used, the establishment will favor setting low wages. High wages can ...

It is well known in the economic literature that labour supply curve can bend backwards and, therefore, leisure be a Giffen good. also normal This article proves if good, it has to result that, contrary common knowledge economics, not all goods, are inferior goods. These results could taken into account, for example, when finding empirical evidence and designing policies on supply, an era of ma...

Laboratory experiments have documented substantial heterogeneity in social preferences, but little is known about the origins of such behavior. Previous research on public goods experiments suggests that individual-level demographic and psychological variables correlate with player types. However, the key question about biological sources of variation in these preferences remains open. The aim ...

Against the background of economic globalization and suspension WTO Doha Round, regional free trade area cooperation has flourished all over world. This paper mainly examines difference between impact FTAs on intermediate final products, explores agreements formation networks. Taking China-ASEAN Free Trade Area (CAFTA) in East Asian production network as research object, this uses gravitational...