Would the CEMS at VSE become Veblen good?

The tuition for the CEMS at VSE is increasing to EUR 1400 a year.

Would it become the Veblen good then?

In general Veblen good's consumption increases when the price increases (contraintutive upward sloping demand curve). Similarly to the Giffen good BUT due to different reasons.

Veblen good is explained via snob effect or bandwagon effect. I don't see any of these to be particularly significant for the CEMS at VSE.

However the explanation is similar to the one that is proposed by pro-tution scholars. With a tuition, students generally might become more involved in the education process, they start valuing their studies more, they become more demanding.

We will see whether it works.