Are there Social Limits to Growth?

Arbeitspapier

Hirsch (1976) suggested that as consumption grows, an increasing proportion of the benefits people derive from consumption is due to a status effect. Status is a relative concept that cannot be increased on average; thus it may seem reasonable to expect that as consumption grows, the marginal benefits of consumption decrease more than the marginal benefits of status. In equilibrium, however, there will be price effects that may more than outweigh this effect. Thus, there is no a priori reason to expect more status-seeking behavior in richer societies.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Papers ; No. 239

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Consumer Economics: Theory ; General Equilibrium and Disequilibrium: General
• Thema: Status-seeking ; relative consumption

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Brekke, Kjell Arne ; Howarth, Richard B. ; Nyborg, Karine
• Ereignis: Veröffentlichung
• (wer): Statistics Norway, Research Department
• (wo): Oslo
• (wann): 1998

Weitere Informationen

• Handle: http://hdl.handle.net/10419/192222
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ