DURABLE CONSUMPTION AS A STATUS GOOD: A STUDY OF NEOCLASSICAL CASES



Table la: Effects of the Degree of Status Preference on the Stable Speeds on
Adjustment for
γ = 2.5

η

I ψι I

1 ψ2 1

0.0

1.14

0.0181

0.2

1.20

0.0320

0.4

1.21

0.0322

0.6

1.21

0.0324

0.8

1.21

0.0325

1.0

1.21

0.0325

Table lb: Effects of the Degree of Status Preference on the Stable Speeds on
Adjustment for
γ = 0.4

η

1 ψι 1

1 ψ2 1

0.0

1.35

0.0516

0.2

1.35

0.0509

0.4

1.34

0.0502

0.6

1.33

0.0496

0.8

1.33

0.0491

1.0

1.32

0.0485

35



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