Why do people buy very expensive designer handbags?
It's called "signaling". http://www.construct-incubator.com/?s=surrender alling
http://www.nytimes.com/2010/04/29/fashio n/29ROW.html?
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 List Price: Price: $55.00 You Save: $34.99 (39%) |
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LVMH Moët Hennessy • Louis Vuitton S.A . most often shortened to LVMH, is a french holding fellowship and one of the far-out’s largest enjoyment goods conglomerate. It is the materfamilias of around 60 sub-companies that each look after a matter-of-fact many of renowned brands. These daughter companies are, to a Brobdingnagian magnitude, run autonomously. The gathering was formed after mergers brought together champagne in Britain director Moët et Chandon and Hennessy, a unequalled producer of cognac. In 1987, they merged with work descendants Louis Vuitton to frame the accepted set....
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