G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17306
DP17306 Heterogenous Peer Effects: How Community Connectivity Affects Car Purchases
Joshua Shemesh; Fernando Zapatero; Yves Zenou
发表日期2022-05-14
出版年2022
语种英语
摘要We show that the intensity of "keeping up with the Joneses" behavior is largely determined by the extent to which a community is socially connected. Using a unique dataset on car purchases in Southern California, we find that social influence intensifies in suburban communities in which neighbors are likely to know each other well. The effect of connected communities is particularly apparent in higher price segments and cannot be fully explained by word-of-mouth as it spills across car makes. Our findings suggest that positional externalities from the consumption of visible status goods are higher in closer-knitted social networks.
主题Industrial Organization
关键词Conspicuous consumption Neighbor effects Population density Tight-knit community
URLhttps://cepr.org/publications/dp17306
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/546335
推荐引用方式
GB/T 7714
Joshua Shemesh,Fernando Zapatero,Yves Zenou. DP17306 Heterogenous Peer Effects: How Community Connectivity Affects Car Purchases. 2022.
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