Positional Goods: A Diagrammatic Exposition

Massimiliano Vatiero ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: D52 D61 D62 (search for similar items in EconPapers)
Date: 2009-10

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Persistent link: http://EconPapers.repec.org/RePEc:usi:wpaper:575

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