eprintid: 3889
rev_number: 5
eprint_status: archive
userid: 69
dir: disk0/00/00/38/89
datestamp: 2018-01-24 12:26:02
lastmod: 2018-01-24 12:26:02
status_changed: 2018-01-24 12:26:02
type: article
metadata_visibility: show
creators_name: Bilancini, Ennio
creators_name: Boncinelli, Leonardo
creators_id: ennio.bilancini@imtlucca.it
creators_id: 
title: Ordinal vs cardinal status: Two examples
ispublished: pub
subjects: HB
divisions: EIC
full_text_status: none
keywords: Status; Social comparison; Ordinality; Cardinality
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.].
date: 2008
date_type: published
publication: Economics Letters
volume: 101
number: 1
publisher: Elsevier
pagerange: 17-19
id_number: doi:10.1016/j.econlet.2008.03.027
refereed: TRUE
issn: 01651765
official_url: http://doi.org/10.1016/j.econlet.2008.03.027
citation:   Bilancini, Ennio and Boncinelli, Leonardo  Ordinal vs cardinal status: Two examples.  Economics Letters, 101 (1).  pp. 17-19.  ISSN 01651765      (2008)