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special issue: The demand for distinction and the evolution of the prestige car

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Author Info
G.M. Peter Swann () (Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK)

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Abstract

This paper studies the demand for a distinction good - the prestige car - and examines how this demand for distinction influences the evolution of the product. We focus on two very different sorts of distinction car: the Rolls Royce and the Ferrari. These two examples help us to articulate two polar approaches to the demand for distinction: distinction through antiquity and distinction through novelty. The paper sets out a model of the demand for distinction, and uses it to describe two trajectories along which the prestige car - and the demand for it - may evolve.

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Publisher Info
Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 11 (2001)
Issue (Month): 1 ()
Pages: 59-75
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Handle: RePEc:spr:joevec:v:11:y:2001:i:1:p:59-75

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Related research
Keywords: Consumption - Demand - Design - Distinction - Product evolution;

Find related papers by JEL classification:
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment

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This page was last updated on 2009-12-10.

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