Inverted U-shaped conformism: An economic model of endogenous responses to the Joneses
Publication in refereed journal


香港中文大学研究人员 ( 现职)

胡伟潮博士 (经济学系)

全文

数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.socec.2011.10.017

引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/0Scopus source URL

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摘要Based on sociologists' findings, it is more likely that middle-status people are " keeping up with the Joneses" while both the highest-status and lowest-status people are " running away from the Joneses" Existing economic models fail to reproduce this inverted-U shaped (IUS) curve. In my model, response to the Joneses is endogenized and is related to one's status position. Under some reasonable assumptions, an IUS pattern will appear. A comparison with a sociological explanation of the same phenomenon and further implications will also be discussed. ? 2http://aims.cuhk.edu.hk/converis/portal/Publication/011 Elsevier Inc.

着者Woo W.C.
期刊名称Journal of Socio-Economics
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/012
月份1
日期1
卷号41
期次1
出版社Elsevier BV
出版地Netherlands
页次31 - 36
国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/053-5357
语言英式英语

关键词Keeping up with the Joneses, Positional good, Status