Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand

19502,305 citationsJournal Article

Authors

Harvey Leibenstein · Princeton University

Abstract

I. The nature of the problem, 183. — II. Functional and nonfunctional demand, 188. — III. The bandwagon effect, 190. — IV. The snob effect, 199. — V. The Veblen effect, 202. — VI. Mixed effects, 205. — VII. Conclusion, 206.

Topics & Keywords

Economic theories and models Economic Theory and Institutions Economics of Agriculture and Food Markets

UN Sustainable Development Goals

Clean water and sanitation

Publication Details

Published in: The Quarterly Journal of Economics

Volume 64, Issue 2, pp. 183-183

DOI: 10.2307/1882692

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