@article{eprints3889,
          author = {Ennio Bilancini and Leonardo Boncinelli},
           title = {Ordinal vs cardinal status: Two examples},
           pages = {17--19},
          volume = {101},
         journal = {Economics Letters},
       publisher = {Elsevier},
            year = {2008},
          number = {1},
             url = {http://eprints.imtlucca.it/3889/},
        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.].},
        keywords = {Status; Social comparison; Ordinality; Cardinality}
}