What are the income-distribution consequences of fashion? Can the need to be seen driving a new car

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What are the income-distribution consequences of “fashion”? Can the need to be seen driving a new car by the rich be a boon to those with lower incomes who will ultimately purchase a better, lower-priced used car as a result?

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Environmental And Natural Resources Economics

ISBN: 9780131392571

9th Edition

Authors: Tom Tietenberg

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Question Posted: Feb 11, 2024 02:00 PM

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What are the income-distribution consequences of fashion? Can the need to be seen driving a new car

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The concept of fashion has farreaching impacts on income distribution These impacts can be observed in different perspectives mainly because fashion o...View the full answer

Environmental And Natural Resources Economics

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