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0 pointsars2y ago0 comments

That's the opposite of what I said. A Veblen good means the same item, if priced higher, is somehow more desirable.

But you've described a more expensive lawn that is actually better, which makes it a normal good.

You are simply wrong about lawns being a Veblen, and you should acknowledge that.

0 comments

A Veblen good is something for which demand goes up as it gets more expensive, not for the same item. A Rolex isn't the same as a Casio.

j / k navigate · click thread line to collapse

A Veblen good is something for which demand goes up as it gets more expensive, not for the same item. A Rolex isn't the same as a Casio.

j / k navigate · click thread line to collapse