Scholarly Comments on Academic Economics

Rejoinder to Pesendorfer

by , ,

*Philip R. P. Coelho* is of professor of economics at Ball State University. He has published in The _American Economic Review, The Journal of Economic History, The Southern Economic Journal, Economic Inquiry_ and other journals. Current research interest
*James E. McClure* (Ph.D., Purdue University, 1983) is Professor of Economics at Ball State University, where his research focus is microeconomics. His publications appear in journals such as: _Economic Inquiry, Econ Journal Watch, Journal of Economic Beh

Abstract

THERE ARE SERIOUS FLAWS IN WOLFGANG PESENDORFER’S (2004) Reply to our Comment on his article “Design Innovations and Fashion Cycles” (1995). Here we address several flaws in Pesendorfer’s Reply and expand our Comment’s critique of his 1995 model.