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> psychological aspects play a central role as well. Indeed, that’s why many companies make Veblen goods and generate revenue from this.
by hhs 7y ago
> psychological aspects play a central role as well.
Indeed, that’s why many companies make Veblen goods and generate revenue from this.
- rjyoungling 7y agoYeah, that's definitely true. Price elasticity is different for a commodity vs. a luxury item where you pay to signal.