Status and welfare under monopolistic competition
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)

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数位物件识别号 (DOI) ○○@http://aims.cuhk.edu.hk/converis/portal/Publication/2$@○○

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Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/2WOS source URL

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摘要This article departs from the traditional welfare analysis of social status seeking by incorporating scale economies, product differentiation, and monopolistic competition into a model. I argue that social status seeking could be welfare improving rather than the usual conclusion that social status seeking is welfare-reducing, under some assumptions that are not particularly strong. Market distortions of the quantity-variety and consumption-leisure trade-off may be corrected by social status seeking. Since modern societies are arguably closer to monopolistic competition than perfect competition, we may also need to rethink the long-held belief that the welfare effects caused by social status seeking are usually negative.

着者Woo WC
期刊名称Social Choice and Welfare
详细描述Published online on 13th July http://aims.cuhk.edu.hk/converis/portal/Publication/2010; hard copy published on February http://aims.cuhk.edu.hk/converis/portal/Publication/2011.
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2011
月份http://aims.cuhk.edu.hk/converis/portal/Publication/2
日期1
卷号36
期次http://aims.cuhk.edu.hk/converis/portal/Publication/2
出版社Springer Verlag (Germany)
页次http://aims.cuhk.edu.hk/converis/portal/Publication/2http://aims.cuhk.edu.hk/converis/portal/Publication/27 - http://aims.cuhk.edu.hk/converis/portal/Publication/239
国际标準期刊号0176-1714
电子国际标準期刊号143http://aims.cuhk.edu.hk/converis/portal/Publication/2-http://aims.cuhk.edu.hk/converis/portal/Publication/217X
语言英式英语

Web of Science 学科类别Business & Economics; Economics; ECONOMICS; Mathematical Methods In Social Sciences; Social Sciences, Mathematical Methods; SOCIAL SCIENCES, MATHEMATICAL METHODS