Veblen good

Portuguese translation: bem de Veblen

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00:55 Aug 7, 2020
English to Portuguese translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Finance (general), Marketing / Market Research
English term or phrase: Veblen good
Definition from TapRun.com:
A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of the purchaser and provide value other than direct functionality. Common examples include art, wine and jewelry.

Example sentence(s):
  • Additionally, whether or not foreign workers view Saudi Arabia’s labor market as a Veblen good has different repercussions for the policy’s future effectiveness. For instance, if we assume that the policy’s primary objective has been to curb foreign worker flows into the country, then the policy did not accomplish its goals (yet). Georgetown Public Policy Review
  • A Veblen good does not adhere to the traditional laws of price and demand. Below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. However, above a certain price, this relationship reverses, and demand rises along with price increases. Forbes
  • UK housebuilders are marching upwards after Berkeley hiked its shareholder bung. The builder of Veblen-good towerblocks in subprime neighbourhoods will return an extra £455m over the next two years, on top of a £280m per annum already announced. It’ll be in a tax-streamlined B and C share structure that supersedes the current £140m dividend cost, with £500m going back to investors in March 2020 at 400p per share and in March 2021 at 440p. Financial Times Alphaville
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Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


This question is closed

Portuguese translation:bem de Veblen
Definition:
Enquanto a teoria de Bem de Giffen trata de bens básicos e para consumidores de baixos rendimentos, o Bem de Veblen trata de consumidores que procuram produtos de luxo.

Pela ideia de Thorstein Veblen, os bens de luxo são mais desejados conforme o aumento dos preços, demonstrando valor aos produtos.
Selected response from:

Teodoro Novack Netto
Brazil
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
4 +5bem de Veblen
Teodoro Novack Netto


  

Translations offered


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
bem de Veblen


Definition from Dicionário Financeiro:
Enquanto a teoria de Bem de Giffen trata de bens básicos e para consumidores de baixos rendimentos, o Bem de Veblen trata de consumidores que procuram produtos de luxo.

Pela ideia de Thorstein Veblen, os bens de luxo são mais desejados conforme o aumento dos preços, demonstrando valor aos produtos.

Example sentence(s):
  • A teoria de Bem Giffen se refere a bens básicos e para consumidores de baixos rendimento. Já o Bem de Veblen trata de consumidores que procuram produtos de luxo. Este é o ponto que os diferenciam. - Edital Concursos Brasil  
  • Os bens de Veblen tem mais demanda quando o preço é elevado, e pode ser exemplificado por bens de alto luxo que satisfazem o consumidor justamente por ter um alto preço, ou seja, são símbolo de status. - Fundo Versa  
  • Nesta interpretação, o consumo conspícuo ocorre quando os agentes consomem os chamados bens de Veblen, ou seja, bens de elevado valor, cujo interesse está intimamente ligado a seu alto preço e sua estética, em detrimento de sua serventia. - Scielo  
Teodoro Novack Netto
Brazil
Local time: 14:51
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 8

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Aline Amorim
10 hrs
  -> Obrigado, Aline!

Yes  Alessandro Yoshinaga
11 hrs
  -> Obrigado, Alessandro!

Yes  Miriam Goldschmidt
11 hrs
  -> Obrigado, Miriam!

Yes  Thatna Dias
20 hrs
  -> Obrigado, Thatna!

Yes  Silvia Martins
23 hrs
  -> Obrigado, Silvia!
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