Pesendorfer, Wolfgang - In: Econ Journal Watch 2 (2005) 1, pp. 42-46
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 assumption without asking whether changing those...