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Status-Seeking by Voluntary Contributions of Money or Work

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  • Norman J. Ireland

Abstract

An informal club has members who contribute to the production of a public good to achieve status. Contributions are either in the form of money or work. A signaling equilibrium is found where full separation occurs and efficient choices are made whether to contribute in terms of work or money. The quantity of public good supplied has no consistent relationship to the optimal quantity, but is more than in a simple Nash equilibrium without status-seeking.

Suggested Citation

  • Norman J. Ireland, 2001. "Status-Seeking by Voluntary Contributions of Money or Work," Annals of Economics and Statistics, GENES, issue 63-64, pages 155-170.
    • Handle: RePEc:adr:anecst:y:2001:i:63-64:p:155-170
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    File URL: http://www.jstor.org/stable/20076300
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    Cited by:

    1. Oege Dijk, 2017. "For whom does social comparison induce risk-taking?," Theory and Decision, Springer, vol. 82(4), pages 519-541, April.
    2. Yeujun Yoon & Kevin Chastagner & Jaewoo Joo, 2020. "Inner-Self vs. Outer-Self and Socially Responsible Product Consumption," Sustainability, MDPI, vol. 12(22), pages 1-22, November.

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