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Wait, so you think if a Veblen good becomes more scarce there will be no price increases around it? won’t keep anyone from getting to work or the store I can
by hyko 5y ago
Wait, so you think if a Veblen good becomes more scarce there will be no price increases around it?
won’t keep anyone from getting to work or the store
I can tell you that luxury vehicles transport plenty of people to work or the store just fine, and if they break down, written off, or are stolen they require replacement just the same.
- imtringued 5y agoYou're right, people buy luxury cars for the exclusivity and a shortage can only make the products even more exclusive.