Veblen good

[2] The testability of this theory was questioned by Colin Campbell due to the lack of complete honesty from research participants.

[12] There are multiple studies considering Veblen goods as a tool to develop and maintain a strong relationship with consumers.

[14][15] Being aware of the existence of Veblen goods, concerns were raised regarding their wastefulness [16][17] as they are viewed as deadweight loss.

[18] Consuming Veblen goods also results in other financial and social consequences such as conspicuous demonstration of unequal wealth distribution [1] and possible changes to optimal tax formulas.

[21] Nonetheless, one exception is ethical consumers interested in virtue signaling through their consumption of goods and services.

[22] Veblen goods targeting this market segment must also be ethically manufactured to increase in their quantity demanded.

Veblen goods such as luxury cars are considered desirable consumer products for conspicuous consumption because of, rather than despite, their high prices.
Veblen goods have an upward-sloping demand curve.
Expensive Champagne is an example of a consumable Veblen good. [ 23 ]
The stainless steel Rolex Daytona frequently sells for over its list price