# Ordinal vs cardinal status: Two examples

Bilancini, Ennio and Boncinelli, Leonardo Ordinal vs cardinal status: Two examples. Economics Letters, 101 (1). pp. 17-19. ISSN 01651765 (2008)

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## 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 10.1016/j.econlet.2008.03.027 Status; Social comparison; Ordinality; Cardinality H Social Sciences > HB Economic Theory Economics and Institutional Change Caterina Tangheroni 24 Jan 2018 12:26 24 Jan 2018 12:26 http://eprints.imtlucca.it/id/eprint/3889