Conspicuous consumption : an evolutionary game theory explanation

Simple item page
dc.contributor.MentorWeinschelbaum, Federico
dc.creator.AutorMontaño Campos, Felipe
dc.date.accessioned2020-03-09T17:51:40Z
dc.date.available2020-03-09T17:51:40Z
dc.date.issued2017-11
dc.descriptionFil: Montaño Campos, Felipe. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.description.abstractThe literature has provided a vast amount of empirical evidence consistent with the idea that individuals are affected by their relative position. However, the literature has found it difficult to rationalize this behaviour. In other words, there are few convincing explanations on why individuals are affected by their relative position. My main contribution is to shed light on explaining why individuals have developed relative concerns preferences, inducing them to consume conspicuously. I propose a model of evolutionary game theory where individuals may choose to consume conspicuously, in order to achieve social capital and thus gain a better relative position, or not. I show that conspicuous consumption was constituted and Evolutionary Stable Strategy (ESS) and is asymptotically stable in the Replicator Dynamic, since conspicuous consumption confers individuals an evolutionary advantage through increases in mating opportunities, wealth, power and allies.
dc.formatapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10908/17089
dc.languageeng
dc.publisherUniversidad de San Andrés. Departamento de Economía
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleConspicuous consumption : an evolutionary game theory explanation
dc.typeTesis
dc.typeinfo:eu-repo/semantics/masterThesis
dc.typeinfo:ar-repo/semantics/tesis de maestría
dc.typeinfo:eu-repo/semantics/updatedVersion
Files
Original bundle
Thumbnail Image
Name:
[P][W] M. Eco. Montaño Campos, Felipe.pdf
Size:
2.63 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Tesis de Maestría en Economía