Conspicuous Consumption and Satisfaction
Conspicuous Consumption and Satisfaction
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炫耀性消费与满足感
DOI:
10.2139/ssrn.1957046
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发表时间:
2011
期刊:
影响因子:
--
通讯作者:
R. Winkelmann
中科院分区:
文献类型:
--
作者:
R. Winkelmann
Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fixed effects panel regressions suggest that the prevalence of luxury cars in the municipality of residence has a negative impact on own income satisfaction.