A note on fashion cycles, novelty and conformity
No 2013-019, Jena Economic Research Papers from Friedrich-Schiller-University Jena
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.
Keywords: Novelty; Conformity; Fashion (search for similar items in EconPapers)
JEL-codes: B5 D1 L1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-hme and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2013-019
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