New journal article: Conspicuous Consumption in the United States and China

CBS, Economics Department Assistant Professor David Jinkins and colleagues have worked out a new peer review journal article in Journal of Economic Behavior & Organization. The journal article Conspicuous Consumption in the United States and China is about how do differences in the motive for conspicuous consumption in the United States and China affect the incidence of taxes in those countries? In this paper I develop a model of conspicuous consumption in which a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's belief about her well-being.

You can find the journal article Conspicuous Consumption in the United States and China here