veblen goods
2 episodes mention this concept
EconomicsExplainedOct 13, 2021The Hidden Economics of Scarcity: How Luxury Brands Engineer Demand and Control Markets
EconomicsVeblen goodsMarket expectationsSupply and demandAuthorized dealers- EconomicsExplainedSep 4, 2020
The Multi-Billion Dollar Resale Luxury Goods Market: Veblen Goods, Artificial Scarcity, and Investment Dynamics
EconomicsResale luxury goods marketAlternative investmentsSupply and demandArtificial scarcity
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Related concepts
Concepts that appear alongside veblen goods across episodes.
- supply and demand
- brand image
- total cost of ownership
- speculators
- capital tie-up
- alternative investments
- conspicuous consumption
- authorized dealers
- artificial scarcity
- investment app
- market expectations
- price controls
- resale luxury goods market
- multinational corporations
- consignment stores
- market failure (man-made)
- product allocation
- price elasticity of demand (inverse for veblen goods)
- charitable foundations
- secondary market