Status and the Demand for Visible Goods: Experimental Evidence on Conspicuous Consumption

David Clingingsmith and Roman Sheremeta ()
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David Clingingsmith: Case Western Reserve University

No vjz2q, SocArXiv from Center for Open Science

Abstract: Some economists argue that consumption of publicly visible goods is driven by social status. Making a causal inference about this claim is difficult with observational data. We conduct an experiment in which we vary both whether a purchase of a physical product is publicly visible or kept private and whether the income used for purchase is linked to social status or randomly assigned. Making consumption choices visible leads to a large increase in demand when income is linked to status, but not otherwise. We investigate the characteristics that mediate this effect and estimate its impact on welfare

Date: 2017-12-13
New Economics Papers: this item is included in nep-exp
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Related works:
Journal Article: Status and the demand for visible goods: experimental evidence on conspicuous consumption (2018)
Working Paper: Status and the Demand for Visible Goods: Experimental Evidence on Conspicuous Consumption (2015)
Working Paper: Status and the Demand for Visible Goods: Experimental Evidence on Conspicuous Consumption (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:vjz2q

DOI: 10.31219/osf.io/vjz2q

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