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

Leibenstein, H. (1950). Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand. Quarterly Journal of Economics, 183-207.

Type

Journal article

Intellectual base

Primary research

Year

1950

Pages

183-207

DOI

10.2307/1882692

DOI registrant

Oxford University Press

Link

https://doi.org/10.2307/1882692

Cited from

behavioral_economics

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Herding Behavior
  • Leibenstein (1950) formalized this in his Quarterly Journal of Economics paper distinguishing bandwagon, snob, and Veblen effects in consumer demand: a fashion item becomes desirable partly because others are adopting it, which triggers further adoption, independent of any change in intrinsic functional utility.

    This sourceFoundational treatment of socially-conditioned consumer demand, formalizing the bandwagon-effect mechanism in herding-like consumption.

Domain-specific

• Snob Effect
  • The snob effect is the demand-side pattern, named and analyzed by Harvey Leibenstein in his 1950 paper on bandwagon, snob, and Veblen effects

    This sourceLeibenstein's joint treatment of bandwagon, snob and Veblen effects in the theory of consumers' demand.

    SupportedVerified against the source

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