Landscape Dynamics

The Dynamics of Conspicuous Consumption
Veblen Model: the Pride Rule

This is an exemplary model that shows our approach in the context of an intuitive and well-known problem. Primary sources: Friedman, 2001; see also Friedman and Yellin, 1997, and also Friedman and Yellin, 2001. (See References.)

There are two basic flavors of conspicuous consumption, as described in the literature: envy and pride. In this Pride model, we assume you are familiar with the Envy model.

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References

Annotated bibliography for conspicuous consumption.