Consuming More or Consuming More Than Others (original) (raw)

Revue économique, 2008

Abstract

Based on Solnick and Hemenway [1998], we empirically investigate the inter-dependence of utility functions using French data. Our estimations partially confirm the results of Solnick and Hemenway. We show that (1) relative position matters, (2) positional concerns differ among domains, (3) goods are more positional than bads, and (4) position matters more when choosing for one

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