Positional Concerns and Institutions: Some Arguments for Regulation

Abstract

People care about their relative standing in the distribution of various goods and positions. This fact is increasingly discussed in heterodox economic circles because it challenges the view of a rational, self-interested individual as presented in mainstream economics. Nevertheless, more than their implications for economics, positional concerns imply… (More)

Cite this paper

@inproceedings{Landes2017PositionalCA, title={Positional Concerns and Institutions: Some Arguments for Regulation}, author={Xavier Landes}, year={2017} }