Information-Based Relative Consumption Effects

By Larry Samuelson. 2004

182 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/3ee21579d3d8d8f18eed13e9ef296d69e12d89b9

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Citations in the corpus

Positional spending and status seeking in rural China (2011, background): “In this context, consumption by peers contains information about the “state of the environment,” helping us to behave optimally ourselves (e.g., Samuelson 2004).”
Individual Well-Being in a Dynamic Perspective (2012, unknown): “Samuelson (2004) and Sethi and Somanathan (2001), for example, provide evolutionary explanations of the phenomenon.”
Running to Keep in the Same Place: Consumer Choice as a Game of Status (2004, background): “Meanwhile, Samuelson (2001) investigates a model where agents are concerned about the consumption decisions of others not for reasons of status but because consumption patterns provide information about economic opportunities.”
Economic Theory and Experimental Economics (2005, background): “Binmore, John Gale, and Larry Samuelson (1995) and Alvin E. Roth and Ido Erev (1995) suggest an alternative approach to assessing how close observed behavior is to the predictions of the theory.”
Does Wage Rank Affect Employees' Wellbeing? (2008, unknown): “A concern for rank-based status may have neurobiological underpinnings (Zizzo, 2002), and could serve an evolutionarily useful informational role (Samuelson, 2004; Samuelson & Swinkels, 2002).”
The Evolutionary Foundations of Preferences (2011, methodology): “80 The Evolutionary Foundations of Preferences by Arthur J. Robson and Larry Samuelson”
Rank as an inherent incentive: Evidence from a field experiment ☆ (2012, background): “6 The preference of high ranks is not only an American phenomenon. The incentive of rank has been demonstrated to be a strong motivator in other cultures such as Chinese, Israeli, Swiss, and Spanish. See Lam, et al. (2004) and Butler and Kedar (1990).”
Neighbors as Negatives: Relative Earnings and Well-Being (2005, background): “Easterlin interprets these findings as evidence that relative income rather than the 4 Samuelson (2004) and Rayo and Becker (2004) offer evolutionary explanations of relative consumption effects.”
When the Joneses’ consumption hurts : Optimal public good provision and nonlinear income taxation (2008, background): “prefer that the humans they belong to are motivated by relative concerns ( Samuelson, 2004; Rayo and Becker, 2007).”
Social Comparisons and Contributions to Online Communities: A Field Experiment on MovieLens (2010, background): “Observation 1 is a common prediction that can be made by several theories, including the informational social comparison theory (Samuelson 2004), conformity (Akerlof (1980), Bernheim (1994)), anchoring and priming, and mimicking.”