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2018 Mannberg Andrea, Hendrikx Jordy, Johnson Jerry bergundsteigen #105 | winter 18/19 | S. 32- 38 Summary In economics, there is a growing body of research that suggests that many people have so-called "positional preferences". A positional individual derives utility from their consumption relative to that of others. Let's use an example. Suppose that you own a 5 year old…
Matthias1. December 2018