Subtle Signals of Inconspicuous Consumption

The notion of conspicuous consumption (Veblen 1899) suggests that consumers spend lavishly on goods to that symbolize status and visibly communicate wealth and status to others. Analysis of multiple product categories, however, indicates an inverted-U relationship between price and the presence of logos or brand names: High-end products are actually less likely to contain such clear brand markers. Further, experimental studies show that high-end...