Does the Veblen Effect Exist? An Analysis of its Likelihood in Luxury Consumption and Potential Consequences for Pricing Management
[abstract only; full text not retrieved, 2026-10-19] Muller, F. (2026). 'Does the Veblen Effect Exist? An Analysis of its Likelihood in Luxury Consumption and Potential Consequences for Pricing Management.' SSRN working paper. doi:10.2139/ssrn.6836182. the sceptical pole, and the only source found that looks at long-run industry data. The author argues that the effect, if it exists at all, is only temporary and limited in scope, as the empirical data of the Swiss watch industry and the sports car maker Ferrari from 2000 to 2025 illustrate, and concludes that the effect barely exists, which implies a much more complex context for luxury pricing. It earns a place despite the
[abstract only; full text not retrieved, 2026-10-19] Muller, F. (2026). 'Does the Veblen Effect Exist? An Analysis of its Likelihood in Luxury Consumption and Potential Consequences for Pricing Management.' SSRN working paper. doi:10.2139/ssrn.6836182. the sceptical pole, and the only source found that looks at long-run industry data. The author argues that the effect, if it exists at all, is only temporary and limited in scope, as the empirical data of the Swiss watch industry and the sports car maker Ferrari from 2000 to 2025 illustrate, and concludes that the effect barely exists, which implies a much more complex context for luxury pricing. It earns a place despite the
Written from the abstract only; full text not retrieved, 2026-10-19.
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SSRN working paper. doi:10.2139/ssrn.6836182.