Abstract

This paper examines price dependent preferences in Japan. We do find some evidence of aggregate price and income dependent preference variation, but much less than in other industrialized countries. The homogeneity tests support the hypothesis of the existence of Veblen effects across some commodity groups.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call