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.