Social hierarchy is a fundamental feature of most existing societies and organizations
(Sidanius & Prato, 1999). Common to any hierarchical structure is the adoption of a ranking …

Purpose The purpose of this paper is to address the following questions: how do consumers
construct meaning around their inconspicuous luxury fashion experiences? What desires do …

We present the results of an experiment measuring the impact of low group status and
relative group size on trust, trustworthiness and discrimination. Subjects interact with …

Technological advances, such as artificial intelligence, adaptive testing, and Chatbots, have
drastically changed how organizations recruit and select talent. However, to realize the …

This chapter digs into the topics that most people would identify with economics. We will first
look at the role of trust in money, banking, and contracts; and then the workplace and …

We analyze the evolution of fashion based on a network game model. Each agent in this
model is a conformist or a rebel. A conformist prefers to take the action most common among …

The desire for luxurious products is a phenomenon which was reported even from the pre-
historic era. In the west, much research has proven beyond doubt that luxury consumption …

We show theoretically that when high‐quality, low‐price counterfeits exist and are visibly
indistinguishable from authentic products, the status‐seeking wealthy may embrace a “less …

Spätmoderne Konsumbedingungen fordern dem Individuum ein hohes Maß an Reflexivität
in Bezug auf alltägliche Konsum-bzw. Kaufentscheidungen ab und sind Voraussetzung für …

In this paper, we incorporate incomplete information about consumer wealth and the
presence of high-quality, low-price counterfeits to investigate when a consumer may engage …