The snob effect is a phenomenon described in microeconomics as a situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level.[1] The "snob effect" contrasts most other microeconomic models, in that the demand curve can have a positive slope, rather than the typical negatively sloped demand curve of normal goods.
This situation is derived by the desire to own unusual, expensive or unique goods. These goods usually have a high economic value, but low practical value. The less of an item available, the higher its snob value. Examples of such items with general snob value are rare works of art, designer clothing, and sports cars.[2]
In all these cases, one can debate whether they meet the snob value criterion, which in itself may vary from person to person. A person may reasonably claim to purchase a designer garment because of a certain threading technique, longevity, and fabric. While this is true in some cases, the desired effect can often be achieved by purchasing a less-expensive version from a reputable brand. Often these high-end items end up as closeout items in discount stores or online retailers where they may be offered at deep discounts from original price, bringing into question the true value of the product. Ultimately, wealthy consumers can be lured by superficial factors such as rarity, celebrity representation and brand prestige.[3]
Collectors within a specific field can suffer from snob effect, searching for the rarest and often most expensive collectibles. Such examples are classic automobiles, stamps and coins.
The snobeffect is a phenomenon described in microeconomics as a situation where the demand for a certain good by individuals of a higher income level...
'herd mentality' or 'groupthink'. The reverse bandwagon effect (also known as the snobeffect in certain contexts) is a cognitive bias that causes people...
the item is, the higher the snob value will be. They are influencing our contemporary society with the so called snobeffect which is making the ‘Sciurastyle'...
Veblen effect is one of a family of theoretical anomalies in the general law of demand in microeconomics. Related effects include: The snobeffect: expressed...
inverse relationship. The SnobEffect, Bandwagon Effect and Veblen Effect are three counter-examples to this assumption. The SnobEffect occurs when consumers...
types of effects stemming from demand-side economics: the bandwagon and snobeffect. The former deals with people desiring a product due to many other people...
purchase to show power, status and wealth. Consumers that fall under the "SnobEffect" can be described as individuals that search for perceived unique value...
to reach the effendis (upward moving local professionals) and used a snobeffect to persuade them that buying Kyriazi Freres cigarettes places them in...
thing, it is only necessary to make the thing difficult to attain." Snobeffect Mathur P.N. (1991) The Role of Scarcity Value and Market Price. In: Why...
(The Nostalgia Chick; no relation to Mike Ellis), Brad Jones (The Cinema Snob) and Todd Nathanson (Todd in the Shadows) signed exclusivity deals with Blip...
which he published The Snob Papers, later collected as The Book of Snobs. This work popularised the modern meaning of the word "snob". Thackeray was a regular...
words, these goods are not bought for their satisfaction but for their "snob appeal" or "ostentation". Accordingly, all these factors also lead to an...
ill-formed comment exchanges on the internet", and reported on YouTube Comment Snob, "a new piece of software that blocks rude and illiterate posts". The Huffington...
melody and bass lines that work together. Despite declaring to be a "music snob" when it comes to new artists, he praised Muse's work. He said that he mainly...
Jo writes an article about Dr. Craig that incorrectly portrays her as a snob, causing an uproar in the valley. A remorseful Bobbie Jo decides to leave...
snobject is a snobbery-satisfying object and not an objective or other kind of snob; object is the head. As is also true for (conventional, non-blend) attributive...
been other instances of rappers reading their lyrics. Dopee and his partner Snob was caught in their DosPorDos battle reading their lyrics on a piece of paper...
snobbery and elitism. Critics of the term have argued that its users are "neo-snobs", and that its increasing popularity raises questions about how British...
Британская компания отозвала иск к создателю Odnoklassniki.ru Альберту Попкову SNOB.ru, November 25, 2009. (in Russian) (in Russian) Vedomosti, September 15...
would be considered an elitist snob, but attacked the class structure of Britain as she found it. In her 1936 essay Am I a Snob?, she examined her values and...
archetypes of British comedy—such as "the rude German traveller" and "the British snob"—and the norms of these archetypes are used for both humour and to advance...
Retrieved July 22, 2017. "Nile Rodgers Talks Making Hits & Not Being a Music Snob During SXSW Keynote Address". Billboard. Archived from the original on July...
her friend and neighbor, Theodore "Laurie" Laurence, for behaving like a snob. Meg marries John Brooke, Laurie's tutor. They have twins, Margaret "Daisy"...
it in a letter in the aftermath of Drumlanrig's death: "Montgomerys, The Snob Queers like Rosebery and certainly Christian Hypocrite like Gladstone and...
Global Information