A note on fashion cycles, novelty, and conformity
Research output: Working paper
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.
| Original language | English |
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| Publisher | Max Planck Institute of Economics |
| Number of pages | 8 |
| Publication status | Published - 19 Apr 2013 |
Publication series
| Name | Jena Economic Research Papers |
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| Publisher | Max Planck Institute of Economics |
| ISSN (Print) | 1864-7057 |
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ID: 22654828
