@techreport{8e74b00db055409d995516bca0df78ab,
title = "A note on fashion cycles, novelty, and conformity",
abstract = "We develop a model in which novelty and conformity motivate fashion behavior. Fashion cycles occur if conformity is not too high. The duration of fashion cycles depends on individual-specific conformity, novelty, and the number of available styles. The use of individual-specific novelty and conformity allows us to also identify fashion leaders.",
author = "Federica Alberti",
year = "2013",
month = apr,
day = "19",
language = "English",
series = "Jena Economic Research Papers",
publisher = "Max Planck Institute of Economics",
address = "Germany",
type = "WorkingPaper",
institution = "Max Planck Institute of Economics",
}