A Veblen good is a type of good for which demand increases as the price rises, typically due to its exclusivity and perceived social value.

Nothing exposes human folly quite like our willingness to pay more for something simply because it costs more. These "Veblen goods," named after economist Thorstein Veblen who first mapped this ...

A 125-year-old theory explains why humans want luxury items even more when the prices go up. Blame social media—and ubiquitous counterfeits—for making it even worse.

LVMH sells Veblen goods, meaning it's likely less susceptible to fluctuating personal income and inflation. The company's broad-based growth remains in double figures, with brand identity leading ...

A Veblen good is an item whose increase in price may actually result in higher sales. These types of goods are often a subset of a luxury good, and this type of good often defies many traditional ...

The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

LVMH's superior diversification and marketing power provide downside protection and sustainable outperformance vs. peers. See ...

Veblen argued that these goods—now dubbed “Veblen goods”—become more desirable as their price rises. It’s not about what they do, it’s about how much they cost.

Veblen goods are products for which demand increases as their price goes up, even though improvements in practical utility are marginal at best.

Most times, Veblen goods are an example of what economists call “positional” goods. These are goods that are valued according to how they are distributed among people, and who exactly has them.