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A note on fashion cycles, novelty and conformity

Federica Alberti

No 2013-019, Jena Economic Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: Novelty; Conformity; Fashion (search for similar items in EconPapers)
JEL-codes: B5 D1 L1 (search for similar items in EconPapers)
Date: 2013-04-24
New Economics Papers: this item is included in nep-cwa, nep-hme and nep-mic
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