How to Increase Earnings by Exploiting the Veblen Effect

被引：0
|
作者：
Blanchini, Franco [1 ]
Casagrande, Daniele [2 ]
机构：
[1] Univ Udine, Dept Math Comp Sci & Phys, Via Sci 206, I-33100 Udine, Italy
[2] Univ Udine, Polytech Dept Engn & Architecture, Via Sci 206, Udine, Italy
来源：
2023 EUROPEAN CONTROL CONFERENCE, ECC | 2023年
关键词：
Dynamic models in economy; Veblen effect; bi-stability; CONSPICUOUS CONSUMPTION;
D O I：
10.23919/ECC57647.2023.10178236
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
The price/demand curve in a scenario characterized by the so-called Veblen effect is analytically identified as a modification, due to a variable that we call hankering, of the classical monotonic (price/demand) curve. Differentiating this function with respect to price and using a classical time variation of price, we obtain a control dynamical system. We exploit this model to analyse the possible trajectories and the equilibrium points. Based on these results, we design a strategy that maximizes the earnings of the seller.
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页数：5
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