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On limiting the market for status signals
Abstract In many societies, individuals care how others view them. In their efforts to impress, such individuals engage in consumption signals which attempt to establish higher levels of status thanExpand
Optimal income tax in the presence of status effects
The classical optimal income tax problem does not reveal many general properties except for the well-known tendency for marginal tax rates to reduce for high ability types, and in fact to become zeroExpand
The provision of information in a Bertrand oligopoly
A two-stage model of a homogeneous good oligopoly is constructed that is composed of a first stage determining (costless) information provision to consumers and then a second stage of price setting.Expand
Product Differentiation and Non-Price Competition
This volume examines the three stages of the supply side of a market: the decision of firms to participate in the market; the selection of specific product characteristics in design, function andExpand
The Design of Auctions and Tenders with Quality Thresholds: The Symmetric Case
Three designs of auctions with quality thresholds are considered. The quality threshold is not known with certainty by the bidders. In one scheme, quality plans submitted by potential bidders areExpand
Ideal Prices vs. Prices vs. Quantities
Technological Diffusion, Expectations and Welfare
This paper investigates a simple intertemporal model to illustrate the effect of different forms of expectations formation by the buyers of technolog y on the extent and time path of the usage of aExpand
Status-seeking, income taxation and efficiency
Abstract It is well-known that status-seeking produces distortions in consumption. Competition to achieve status leads to over-consumption of those goods which confer status. It has been found thatExpand