Explaining fashion cycles: imitators chasing innovators in product space

DOI10.1016/j.jedc.2006.05.008zbMath1201.91146OpenAlexW2169720100WikidataQ59389744 ScholiaQ59389744MaRDI QIDQ1017055

Richard F. Hartl, Jonathan P. Caulkins, Peter M. Kort, Gustav Feichtinger

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://research.tilburguniversity.edu/en/publications/2c56a3f6-e8f1-4c29-a24f-e17a1dee6601

zbMATH Keywords

dynamic optimizationconspicuous consumptionSkiba curvefashion cycles

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Consumer behavior, demand theory (91B42)

Related Items (11)

Advertising Cycling to Manage Exclusivity Loss in Fashion Styles ⋮ Decisions on pricing, capacity investment, and introduction timing of new product generations in a durable-good monopoly ⋮ Fashion cycle dynamics in a model with endogenous discrete evolution of heterogeneous preferences ⋮ Optimal pricing of a conspicuous product during a recession that freezes capital markets ⋮ Statistical mechanics of the fashion game on random networks ⋮ Poverty trap and global indeterminacy in a growth model with open-access natural resources ⋮ The dynamics of innovation and horizontal differentiation ⋮ The social diversification of fashion ⋮ Coordination of advertising strategies in a fashion licensing contract ⋮ Fashion cycle dynamics induced by agents' heterogeneity for generic bell-shaped attractiveness functions ⋮ A general equilibrium evolutionary model with two groups of agents, generating fashion cycle dynamics

Uses Software

• IMITATOR

Cites Work

• Skiba points for small discount rates
• A DNS-curve in a two-state capital accumulation model: A numerical analysis
• A Mixed Integer Programming Model for Solving a Layout Problem in the Fashion Industry
• Efficient Supply Contracts for Fashion Goods with Forecast Updating and Two Production Modes
• A Generalized Model of Operations Reversal for Fashion Goods
• Optimal Dynamic Pricing for Perishable Assets with Nonhomogeneous Demand
• Optimal Growth with a Convex-Concave Production Function
• A Rational Route to Randomness

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