Keyword: «veblen effect»

Veblen Effect in Russia: Analysis of Certain Groups of Goods

ART 770374

Authors:

Olga Chibireva,

Aleksandra Vasileva,

Elizaveta Osipova

Full text Read online

The article deals with a concept such as Veblen effect. Its influence upon the people behavior in terms of certain products choice is analyzed. The data of previous years is considered and analyzed.

Keywords: consumers, per capita income, veblen effect, sales dynamics