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Explaining fashion cycles: Imitators chasing innovators in product space

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  • Caulkins, J.P.
  • Hartl, R.F.
  • Kort, P.M.

    (Tilburg University)

  • Feichtinger, G.

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Bibliographic Info

Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-194289.

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Date of creation: 2007
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Publication status: Published in Journal of Economic Dynamics and Control (2007) v.31, p.1535-1556
Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-194289

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Web page: http://www.tilburguniversity.edu/

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References

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  1. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-39, May.
  2. Joseph M. Milner & Panos Kouvelis, 2002. "On the Complementary Value of Accurate Demand Information and Production and Supplier Flexibility," Manufacturing & Service Operations Management, INFORMS, vol. 4(2), pages 99-113, December.
  3. William A. Brock & Cars H. Hommes, 1997. "A Rational Route to Randomness," Econometrica, Econometric Society, vol. 65(5), pages 1059-1096, September.
  4. Zeger Degraeve & Martina Vandebroek, 1998. "A Mixed Integer Programming Model for Solving a Layout Problem in the Fashion Industry," Management Science, INFORMS, vol. 44(3), pages 301-310, March.
  5. Haunschmied, J.L. & Kort, P.M. & Hartl, R.F. & Feichtinger, G., 2003. "A DNS-curve in a two-state capital accumulation model: A numerical analysis," Open Access publications from Tilburg University urn:nbn:nl:ui:12-91680, Tilburg University.
  6. Karen L. Donohue, 2000. "Efficient Supply Contracts for Fashion Goods with Forecast Updating and Two Production Modes," Management Science, INFORMS, vol. 46(11), pages 1397-1411, November.
  7. Marshall Fisher & Kumar Rajaram, 2000. "Accurate Retail Testing of Fashion Merchandise: Methodology and Application," Marketing Science, INFORMS, vol. 19(3), pages 266-278, June.
  8. Florian Wagener, 2004. "Structural analysis of optimal investment for firms with non-concave revenues," Computing in Economics and Finance 2004 187, Society for Computational Economics.
  9. Pesendorfer, Wolfgang, 1995. "Design Innovation and Fashion Cycles," American Economic Review, American Economic Association, vol. 85(4), pages 771-92, September.
  10. Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, vol. 86(3), pages 349-73, June.
  11. Pastine, Ivan & Pastine, Tuvana, 2001. "Consumption Externalities, Coordination and Advertising," CEPR Discussion Papers 2867, C.E.P.R. Discussion Papers.
  12. Marshall Fisher & Kumar Rajaram & Ananth Raman, 2001. "Optimizing Inventory Replenishment of Retail Fashion Products," Manufacturing & Service Operations Management, INFORMS, vol. 3(3), pages 230-241, November.
  13. Wagener, F.O.O., 2004. "Skiba points for small discount rates," CeNDEF Working Papers 04-09, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
  14. Hommes, Cars H., 2006. "Heterogeneous Agent Models in Economics and Finance," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 23, pages 1109-1186 Elsevier.
  15. G.M. Peter Swann, 2001. "special issue: The demand for distinction and the evolution of the prestige car," Journal of Evolutionary Economics, Springer, vol. 11(1), pages 59-75.
  16. Coelho, Philip R P & McClure, James E, 1993. "Toward an Economic Theory of Fashion," Economic Inquiry, Western Economic Association International, vol. 31(4), pages 595-608, October.
  17. Corneo, Giacomo & Jeanne, Olivier, 1999. "Segmented communication and fashionable behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 371-385, July.
  18. Wen Zhao & Yu-Sheng Zheng, 2000. "Optimal Dynamic Pricing for Perishable Assets with Nonhomogeneous Demand," Management Science, INFORMS, vol. 46(3), pages 375-388, March.
  19. Frijters, Paul, 1998. "A model of fashions and status," Economic Modelling, Elsevier, vol. 15(4), pages 501-517, October.
  20. Nikhil Jain & Anand Paul, 2001. "A Generalized Model of Operations Reversal for Fashion Goods," Management Science, INFORMS, vol. 47(4), pages 595-600, April.
  21. Conlisk, John, 1980. "Costly optimizers versus cheap imitators," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 275-293, September.
  22. Bianchi, Marina, 2002. "Novelty, preferences, and fashion: when goods are unsettling," Journal of Economic Behavior & Organization, Elsevier, vol. 47(1), pages 1-18, January.
  23. repec:fth:stanho:e-92-11 is not listed on IDEAS
  24. Kathy A. Paulson Gjerde & Susan A. Slotnick & Matthew J. Sobel, 2002. "New Product Innovation with Multiple Features and Technology Constraints," Management Science, INFORMS, vol. 48(10), pages 1268-1284, October.
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Cited by:
  1. Antoci, Angelo & Galeotti, Marcello & Russu, Paolo, 2011. "Poverty trap and global indeterminacy in a growth model with open-access natural resources," Journal of Economic Theory, Elsevier, vol. 146(2), pages 569-591, March.
  2. Petal Jean Hackett, 2012. "Cutting too Close? Design Protection and Innovation in Fashion Goods," CESifo Working Paper Series 3716, CESifo Group Munich.
  3. Zeiler, I. & Caulkins, J.P. & Tragler, G., 2011. "Optimal control of interacting systems with DNSS property: The case of illicit drug use," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 60-73, April.
  4. Narajabad, Borghan & Watson, Randal, 2011. "The dynamics of innovation and horizontal differentiation," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 825-842, June.

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