positional good

collocation in English

meaningsofpositionaland

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positional
adjective
uk
/pəˈzɪʃ.ən.əl/us
/pəˈzɪʃ.ən.əl/
relating to position, especially ...
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(Definition ofpositionalandgoodsfrom theCambridge English Dictionary© Cambridge University Press)

Examplesofpositional good

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
For this reason,positionalgoodis related to a higher pricing.
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However, the aristocratic family owner of tower enjoyed the positive consumption ofpositionalgood, namely it had a positive utility deriving frompositionalgood.
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When a new purchase changes the context within which an existingpositionalgoodis evaluated, a positional externality occurs.
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It is worthy to underline that in the case of positional goods, agents benefiting from apositionalgood do not take into account the externalities of their respective sufferers.
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There is a party consuming a positive amount ofpositionalgoodand at the same time there is a counterparty consuming a negative amount of such a good.
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In this respect, positional goods are goods for which the satisfaction derives (at least in part) from higher pricing.
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For public goods, an under-supply, for positional goods, it signifies an over-supply.
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Positional goods are goods whose utility of their consumptions is relative (negatively) to the consumption of the others.
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Instead, when some individuals consume positional goods, other individuals must be included in the consumption of related negative quantities.
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Pagano has shown that while public goods are typically undersupplied, positional goods are typically oversupplied.
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This has been done by introducing a new type of good positional goods which have been defined as having the opposite character of public goods.
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But in the case of positional goods, one marginal rate of substitution is subtracted since there is negative consumption.
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We can define the triad of economic goods private, public and positional goods in terms of individual and total consumption.
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The distinction among private, public and positional goods brings different rules for deriving total demand.
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That is, in the case of positional goods, individuals consumption levels have opposite signs.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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