Bilancini, Ennio and Boncinelli, Leonardo Ordinal vs cardinal status: Two examples. Economics Letters, 101 (1). pp. 17-19. ISSN 01651765 (2008)
Full text not available from this repository.Abstract
We demonstrate that in models where agents have concerns for status the model predictions can drastically change depending on whether status is modelled as an ordinal or cardinal magnitude. As a proof, we show that two well known theoretical findings are not robust to the substitution of ordinal status with cardinal status [Frank, R.H., The Demand for Unobservable and Other Positional Goods. American Economic Review, (75):101–116, 1985.] and viceversa [Clark, A. and Oswald, R.J., Comparison-Concave Utility and Following Behavior in Social and Economic Settings. Journal of Public Economics, (70):133–155, 1998.].
| Item Type: | Article |
|---|---|
| Identification Number: | https://doi.org/10.1016/j.econlet.2008.03.027 |
| Uncontrolled Keywords: | Status; Social comparison; Ordinality; Cardinality |
| Subjects: | H Social Sciences > HB Economic Theory |
| Research Area: | Economics and Institutional Change |
| Depositing User: | Caterina Tangheroni |
| Date Deposited: | 24 Jan 2018 12:26 |
| Last Modified: | 24 Jan 2018 12:26 |
| URI: | http://eprints.imtlucca.it/id/eprint/3889 |
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