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Second Reply to Coelho, Klein, and McClure

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  • Wolfgang Pesendorfer

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.

Suggested Citation

  • Wolfgang Pesendorfer, 2005. "Second Reply to Coelho, Klein, and McClure," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 42-46, April.
    • Handle: RePEc:ejw:journl:v:2:y:2005:i:1:p:42-46
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    References listed on IDEAS

    as
    1. Philip R. P. Coelho & Daniel B. Klein & James E. McClure, 2005. "Rejoinder to Pesendorfer," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 32-41, April.
    2. Pesendorfer, Wolfgang, 1995. "Design Innovation and Fashion Cycles," American Economic Review, American Economic Association, vol. 85(4), pages 771-792, September.
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