Focusing on a remote area in rural China, we use a panel census of households in 26
villages to show that socially observable spending has risen sharply in recent years. We …

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In this paper we apply the instrumental approach to social preferences in order to distinguish
among various shapes of preferences for social status. In particular, we consider the shape …

Human societies are characterized by three constituent features, besides others.(A) Options,
as for jobs and societal positions, differ with respect to their associated monetary and non …

This paper examines the impact of income growth and income inequality on household
saving rates and payoffs in a non-cooperative game where each player's payoff depends on …

Social comparisons can influence individual decisions. People compare their income and
their belongings to those of people around them. Prominent scholars, such as Frank [1985] …

Envy, the inclination to compare rewards, can be expected to unfold when inequalities in
terms of pay-off differences are generated in competitive societies. It is shown that …

The authors investigate the desirability of income taxes when the objective is to mitigate
wasteful conspicuous consumption generated by people's status-seeking behavior. They …

I study the interaction of two forces in the formation of social groups: the preference for high
quality peers and the desire for status among one's peers. I present a characterization of …

Several agents choose positions on the real line (eg, their levels of conspicuous
consumption). Each agent's utility depends on her choice and her “status,” which, in turn, is …