Second Reply to Coelho, Klein, and McClure
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.
Volume (Year): 2 (2005)
Issue (Month): 1 (April)
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- Wolfgang Pesendorfer, 1993.
"Design Innovation and Fashion Cycles,"
1049, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- 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.
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