special issue: The demand for distinction and the evolution of the prestige car

G.M. Peter Swann ()
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G.M. Peter Swann: Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK

Journal of Evolutionary Economics, 2001, vol. 11, issue 1, 59-75

Abstract: This paper studies the demand for a distinction good - the prestige car - and examines how this demand for distinction influences the evolution of the product. We focus on two very different sorts of distinction car: the Rolls Royce and the Ferrari. These two examples help us to articulate two polar approaches to the demand for distinction: distinction through antiquity and distinction through novelty. The paper sets out a model of the demand for distinction, and uses it to describe two trajectories along which the prestige car - and the demand for it - may evolve.

Keywords: Consumption; -; Demand; -; Design; -; Distinction; -; Product; evolution (search for similar items in EconPapers)
JEL-codes: D12 L15 L62 (search for similar items in EconPapers)
Date: 2001-01-22
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Citations: View citations in EconPapers (7)

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