If US schools are Veblen goods then we can look to luxury goods as a comparison. Consider Ray Ban/Burberry who at points in the past crossed the line from excl

If US schools are Veblen goods then we can look to luxury goods as a comparison. Consider Ray Ban/Burberry who at points in the past crossed the line from exclusivity into mass market and suffered a reputation hit, only to go under new management and tightly control the supply.