Abstract

http://ssrn.com/abstract=1510904
 
 

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Positional Goods: A Diagrammatic Exposition


Massimiliano Vatiero


Università della Svizzera italiana

October 1, 2009

Quaderni del Dipartimento di Economia Politica No. 575

Abstract:     
Positional goods and public goods share the characteristic of “publicness” in terms of consumption; i.e., given the consumption of one party, in the case of a positional good, the other must consume a corresponding negative amount of what the first party consumes, while in the case of public good, the other must consume a corresponding positive amount. Hence, we can offer a diagrammatic illustration for positional goods that is similar to the Samuelsonian one for public goods.

Number of Pages in PDF File: 10

Keywords: Positional Good, Externality, Market Failure

JEL Classification: D52, D61, D62

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Date posted: November 21, 2009 ; Last revised: July 23, 2014

Suggested Citation

Vatiero, Massimiliano, Positional Goods: A Diagrammatic Exposition (October 1, 2009). Quaderni del Dipartimento di Economia Politica No. 575. Available at SSRN: http://ssrn.com/abstract=1510904

Contact Information

Massimiliano Vatiero (Contact Author)
Università della Svizzera italiana ( email )
Via Giuseppe Buffi 13
Lugano, 6904
Switzerland
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