Luxury purchases

Danielle Sulikowski, Danielle Wagstaff

Research output: Book chapter/Published conference paperEntry for encyclopedia/dictionary


Luxury goods are those items that are not critical to basic survival and well-being. Items that are essential to survival and well-being are frequently inexpensive, and excess amounts of such items are of little use or value. For example, excess food that will spoil before it can be eaten has very little utility. In contrast luxury items are typically expensive. The extra expense affords prestige and status, often perceptible via the items’ branding or design, but does not typically provide commensurate utilitarian value. As such, the utility of luxury items, being the status gains they provide, do not exhibit the same diminishing marginal returns as nonluxury goods.
Original languageEnglish
Title of host publicationEncyclopedia of sexual psychology and behavior
EditorsT. K. Shackelford
Number of pages2
ISBN (Electronic)9783031089565
ISBN (Print)9783031089565
Publication statusE-pub ahead of print - 22 Mar 2023


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