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Luxury Prices: An Expository Note

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  • Michele Piccione
  • Ariel Rubinstein

Abstract

We study a model in which “useless” luxury goods are a mechanism for redistribution.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michele Piccione & Ariel Rubinstein, 2006. "Luxury Prices: An Expository Note," Levine's Bibliography 122247000000001252, UCLA Department of Economics.
    • Handle: RePEc:cla:levrem:122247000000001252
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    File URL: http://arielrubinstein.tau.ac.il/papers/luxury.pdf
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    References listed on IDEAS

    as
    1. Ng, Yew-Kwang, 1989. "Diamonds Are a Government's Best Friend: Burden-Free Taxes on Goods Valued for Their Values: Reply," American Economic Review, American Economic Association, vol. 79(5), pages 1289-1290, December.
    2. Baumol, William J, 1986. "Unnatural Value: Or Art Investment as Floating Crap Game," American Economic Review, American Economic Association, vol. 76(2), pages 10-14, May.
    3. Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, vol. 86(3), pages 349-373, June.
    4. Samuelson, Paul A & Sato, Ryuzo, 1984. "Unattainability of Integrability and Definiteness Conditions in the General Case of Demand for Money and Goods," American Economic Review, American Economic Association, vol. 74(4), pages 588-604, September.
    5. Ng, Yew-Kwang, 1987. "Diamonds Are a Government's Best Friend: Burden-Free Taxes on Goods Valued for Their Values," American Economic Review, American Economic Association, vol. 77(1), pages 186-191, March.
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    Cited by:

    1. Haimanti Bhattacharya & Subhasish Dugar, 2013. "Contests for Ranks: Experimental Evidence," Southern Economic Journal, John Wiley & Sons, vol. 79(3), pages 621-638, January.
    2. Kapferer, Jean-Noël & Laurent, Gilles, 2016. "Where do consumers think luxury begins? A study of perceived minimum price for 21 luxury goods in 7 countries," Journal of Business Research, Elsevier, vol. 69(1), pages 332-340.
    3. Tran, Anh & Zeckhauser, Richard, 2012. "Rank as an inherent incentive: Evidence from a field experiment," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 645-650.

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