Results for ' D62'

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    A social-status rationale for repugnant market transactions.Patrick Harless & Romans Pancs - 2024 - Economics and Philosophy 40 (1):102-137.
    Individuals often deem market transactions in sex, human organs and surrogacy, among others, repugnant. Repugnance norms can be explained by appealing to social-status concerns. We study an exchange economy in which agents abhor consumption dominance: one’s social status is compromised if one consumes less of every good than someone else does. Dominance may be forestalled by partitioning goods into submarkets and then invoking the repugnance norms that proscribe trade across these submarkets. Dominance may also be forestalled if individuals strategically ‘overconsume’ (...)
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