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2005-04-07
英文文献:Dress to Impress: Brands as Status Symbols
英文文献作者:Rogério Mazali,José Rodrigues-Neto
英文文献摘要:
We analyzed the market for indivisible, pure status goods. Firms produce and sell different brands of pure status goods to a population that is willing to signal individual abilities to potential matches in another population. Individual status is determined by the most expensive status good one has. There is a strati.ed equilibrium with a finite number of brands. Under constant tax rates, a monopoly sells different brands to social classes of equal measure, while in contestable markets, social classes have decreasing measures. Under optimal taxation, contestable markets have progressive tax rates, while a monopoly faces an adequate flat tax rate to all brands. In contrast with the literature, subsidies may be socially optimal, depending on the parameters, in both market structures.
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