Statuspraferenzen: Soziobiologische Ursachen, Statuswettrusten und seine Besteuerung. (With English summary.)
AbstractFor many goods, individuals derive utility from the relative amount they get compared to their reference group. Such goods are called status goods and such preferences are called status preferences. In this article, it is shown that status preferences may be explained by sociobiological reasoning and, therefore, may be based on rational individualistic behavior. Status preferences lead to inefficient equilibria characterized by arms races. Pure status goods can be taxed without any tax burden. Status preferences may lead to overaccumulation and "growth aversion" and, under certain conditions, a wealth tax turns out to be welfare improving. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 43 (1990)
Issue (Month): 2 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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