When two Chinese businessmen both want the same birds, racing pigeon prices can go sky high into the stratosphere.
Because of productivity gains from Covid-19 pool testing, the Michigan State University’s 67,000 students can return to school more safely.
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
While wine consumption is down among some of us, we can look at conspicuous consumption for the reason why expensive wine is more popular.
Doing little to help us win games, our video game shopping for outfits and dance moves creates some conspicuous consumption.
Comparing 2005 to 2017, we would see a spread in the geography of creative talent that could stimulate growth in stagnant U.S. regions.
The average American has access to the types of consumer goods that only the wealthy used to buy. We can purchase a pricey iPhone or watch Netflix on a massive home TV screen. We eat steak, enjoy ahi tuna, and…
When one bottle of single malt Macallan whisky sells for more than $1 million, we can ask if it was superior taste or some other reason.
By purchasing an adult fish for thousands of dollars, the buyers of an Asian arowana were engaging in conspicuous consumption.