Ordinal vs cardinal status: Two examples

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 101
Issue: 1
Pages: 17-19

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We demonstrate that in models where agents have concerns for status the model predictions can drastically change depending on whether status is modelled as an ordinal or cardinal magnitude. As a proof, we show that two well known theoretical findings are not robust to the substitution of ordinal status with cardinal status [Frank, R.H., The Demand for Unobservable and Other Positional Goods. American Economic Review, (75):101-116, 1985.] and viceversa [Clark, A. and Oswald, R.J., Comparison-Concave Utility and Following Behavior in Social and Economic Settings. Journal of Public Economics, (70):133-155, 1998.].

Technical Details

RePEc Handle
repec:eee:ecolet:v:101:y:2008:i:1:p:17-19
Journal Field
General
Author Count
2
Added to Database
2026-01-24