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Sexual selection of conspicuous consumption

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  • Vaios Koliofotis

    (Erasmus University Rotterdam)

Abstract

Recently, a number of papers draw upon ideas from sexual selection and costly signaling theory to argue that conspicuous consumption has evolved as a sexually selected mating strategy. I outline what are considered to be the criteria for arguing that a trait is the outcome of sexual selection and I explore whether conspicuous consumption is sexual adaptation. Though I share the insight that evolutionary theory can contribute to our understanding of consumption behavior, I argue that existing evolutionary explanations of conspicuous consumption do not examine human evolved psychology and available evidence about past environments. I further argue that cultural evolution theory provides an alternative explanation of conspicuous consumption in modern environments. In particular, conspicuous consumption is understood as a pattern of behavior marked by specific social learning mechanisms. Such an approach reflects the analytical tools of cultural evolution theory and provides a classification of cognitive factors involved in consumption choices.

Suggested Citation

  • Vaios Koliofotis, 2022. "Sexual selection of conspicuous consumption," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 531-552, April.
  • Handle: RePEc:spr:joevec:v:32:y:2022:i:2:d:10.1007_s00191-021-00753-4
    DOI: 10.1007/s00191-021-00753-4
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    References listed on IDEAS

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    1. Christian Cordes, 2009. "The Role of Biology and Culture in Veblenian Consumption Dynamics," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(1), pages 115-142.
    2. De Fraja, Gianni, 2009. "The origin of utility: Sexual selection and conspicuous consumption," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 51-69, October.
    3. Ulrich Witt, 2017. "The evolution of consumption and its welfare effects," Journal of Evolutionary Economics, Springer, vol. 27(2), pages 273-293, April.
    4. Jason Collins & Boris Baer & Ernst Weber, 2015. "Sexual selection, conspicuous consumption and economic growth," Journal of Bioeconomics, Springer, vol. 17(2), pages 189-206, July.
    5. Andrew B. Trigg, 2001. "Veblen, Bourdieu, and Conspicuous Consumption," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(1), pages 99-115, March.
    6. H. Leibenstein, 1950. "Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(2), pages 183-207.
    7. Ulrich Witt, 2008. "What is specific about evolutionary economics?," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 547-575, October.
    8. Aoki, Kenichi & Nakahashi, Wataru, 2008. "Evolution of learning in subdivided populations that occupy environmentally heterogeneous sites," Theoretical Population Biology, Elsevier, vol. 74(4), pages 356-368.
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    More about this item

    Keywords

    Conspicuous consumption; consumer learning; Sexual selection; Costly signaling;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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