https://en.m.wikipedia.org/wiki/Veblen_good

--srs

> On 29-Nov-2016, at 9:13 AM, Deepa Mohan <mohande...@gmail.com> wrote:
> 
> fragrance seems, to me, the most unquantifiable.
> Can someone tell me how fragrances are priced, and often priced so
> very high? I could understand when the components, like frankincense
> or vettiver, are difficult to procure. But in general, the pricing of
> fragrances remains an opaque area.

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