Positional Goods: A Diagrammatic Exposition
University of Lugano
October 1, 2009
Quaderni del Dipartimento di Economia Politica No. 575
Positional good shares with public good the non-private characteristic of consumption: for a positional good, given the consumption choice of one party, the other(s) must consume a corresponding negative amount of what the first party chooses to consume. Therefore, we treat positional good in a diagrammatic illustration similar to the Samuelsonian criteria for the public good. The aim of this work is to introduce the implications for this in terms of Pareto efficiency.
Keywords: Positional Good, Externality
JEL Classification: D52, D61, D62Accepted Paper Series
Date posted: November 21, 2009 ; Last revised: February 19, 2013
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.297 seconds