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- W3128337265 abstract "Individuals deem repugnant and societies proscribe market transactions in sex, organs, and surrogacy — despite potential gains from trade. We resolve this tension by observing that repugnance norms help status-conscious individuals. We study an exchange economy in which agents abhor consumption dominance: one loses social status if another consumes more of every good. Repugnance norms forestall dominance by partitioning goods into submarkets and proscribing trade across submarkets. With multiple equilibria, there is scope for coordinating on, or protecting, status goods." @default.
- W3128337265 created "2021-02-15" @default.
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- W3128337265 date "2018-01-01" @default.
- W3128337265 modified "2023-09-23" @default.
- W3128337265 title "A Social-Status Rationale for Repugnant and Protected Market Transactions" @default.
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- W3128337265 doi "https://doi.org/10.2139/ssrn.3212529" @default.
- W3128337265 hasPublicationYear "2018" @default.
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