Re: Postage stamp bubbles; WAS: Closed - End Fund Puzzle

[bgirard@xxxxxxxxxxxxxxxxxxx (Bernard Girard)]

Rger wrote :
>Marina Bianchi of the University of Cassino is working on a theory of
>consumption that explains admirably the utility of collections of all
>sorts.  I think she's coming out with an edited volume on consumer
>theory.  (Routledge??)  Anyway, IMHO she has really put her finger on
>something with this issue of collecting.  I think we should view
>collecting as a serious anomoly for standard neoclassical theory.  My
>impression is that the notion of household production doesn't get you
>out of the box.  Neoclassical agents shouldn't be collecting stamps,
>rocks, cars, and empty beer cans.  But real people do.  HMMM . . .

Could you give us a glimpse on her theory=8A

Bernard Girard
<bgirard@xxxxxxxxxxxxxxxxxxx>