Now showing items 1-2 of 2
Consumer Behaviour in a Social Context: Implications for Environmental Policy
(University of St Andrews, 2014-01)
In this paper we summarise some of our recent work on consumer behaviour, drawing on recent developments in behavioural economics, in which consumers are embedded in a social context, so their behaviour is shaped by their ...
Keeping Up with the Joneses: Who Loses Out?
(University of St Andrews, 2014-10)
This paper investigates how well-being varies with individual wage rates when individuals care about relative consumption and so there are Veblen effects – Keeping up with the Joneses – leading individuals to over-work. ...