Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fi...

It is an urgent problem for luxury enterprises to explore the largest group of consumers, formulate a series feasible marketing strategies, and Capture capture attention new generation consumers. In recent years, China's social stability, rapid economic development, rich class increasing, their age tends be younger. They are open-minded pursue quality life. The demand goods also increasing. Cur...