Why Chinese elites buy what they buy: The signalling value of conspicuous consumption in China

In 1899, Thorstein Veblen introduced socially contingent consumption into the economic literature. However, it was not until recent years that empirical studies of his theory begin to appear in mainstream economic literature with diversified conclusions.

Why Chinese elites buy what they buy: The signalling value of conspicuous consumption in China

Xiaotong Jin

Centre for Quantitative Economics, Jilin University Business School

Hefeng Wang

Chinese Academy of Social Sciences

Tianxin Wang

Jilin Academy of Social Sciences

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