Second Reply to Coelho, Klein, and McClure

Wolfgang Pesendorfer ()

Econ Journal Watch, 2005, vol. 2, issue 1, 42-46

Abstract: IN THEIR REJOINDER, COELHO, KLEIN, AND MCCLURE (CKM) mistake colorful descriptions of fashion for an explanation of fashion, confuse signaling with the chest-thumping of individuals who have nothing to signal, and attack innocent simplifying assumptions without asking whether changing those assumptions would make a difference to the results.

Date: 2005
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