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.
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.
- Explanaation will be posted soon.
- Applet rev 1.0
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- NetLogo Model rev 1.0
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- Annotated bibliography for conspicuous consumption.
Revised 23 September 2004 by Ralph Abraham