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  5. Positional Externalities Cause Large and Preventable Welfare Losses

Positional Externalities Cause Large and Preventable Welfare Losses

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Citation

Frank, Robert, H. 2005. "Positional Externalities Cause Large and Preventable Welfare Losses." American Economic Review, 95 (2): 137-141. DOI: 10.1257/000282805774670392

JEL Classification

  • D11 Consumer Economics: Theory
  • D62 Externalities
  • D71 Social Choice; Clubs; Committees; Associations