News for hackers. Stuff that matters.

A comment on How dense is your city?. Parent comment

Re:How dense is your city? by ars on Monday March 04, 2024 @01:03PM (#39593689)
That's the opposite of what I said. A Veblen good means the same item, if priced higher, is somehow more desirable.

But you've described a more expensive lawn that is actually better, which makes it a normal good.

You are simply wrong about lawns being a Veblen, and you should acknowledge that.

[ Parent | on HN ]
Re:How dense is your city? by fragmede on Monday March 04, 2024 @03:22PM (#39595532)
A Veblen good is something for which demand goes up as it gets more expensive, not for the same item. A Rolex isn't the same as a Casio.
[ Parent | on HN ]