TY  - JOUR
AV  - none
IS  - 1
TI  - Ordinal vs cardinal status: Two examples
UR  - http://doi.org/10.1016/j.econlet.2008.03.027
JF  - Economics Letters
EP  - 19
ID  - eprints3889
KW  - Status; Social comparison; Ordinality; Cardinality
SN  - 01651765
A1  - Bilancini, Ennio
A1  - Boncinelli, Leonardo
SP  - 17
Y1  - 2008///
N2  - 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.].
VL  - 101
PB  - Elsevier
ER  -