Those interested in the demand for status goods will find it difficult to identify a recognizable and significant body of literature on the phenomenon of conspicuous consumption. Indeed, the subject has been generally seen as a side issue well away from mainstream economic and social thought and having little or no relevance to present day preoccupations.
Mason, R. S. (1988). The Psychological Economics of Conspicuous Consumption. In Psychological Economics (pp. 147–162). Springer Netherlands. https://doi.org/10.1007/978-94-011-7775-7_10