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Fashion with Snobs and Bandwagoners in a Three-Type Households and Three-Sector Neoclassical Growth Model

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  • Wei-Bin Zhang

    (Ritsumeikan Asia Pacific University, Japan)

Abstract

El trabajo muestra las interacciones entre la moda, el crecimiento económico y la distribución del ingreso y la riqueza en un modelo de crecimiento de los hogares heterogéneos con la estructura económica. La modelación de la moda y la preferencia de cambio se basan en el modelo económico de la moda recientemente publicado por Giovinazzo y Naimzada (2015). Introducimos el consumo de moda, industria de la moda y el cambio de preferencias con respecto a los artículos de moda en un modelo de equilibrio general dinámico crecimiento propuesto por Zhang (2012, 2013). La economía se compone de tres grupos de personas (el snob, el bandwagoner y el consumidor) y tres sectores de producción (bienes de capital, bienes de consumo y moda). El movimiento del sistema económico es descrito por un conjunto de ecuaciones diferenciales. Se simula el movimiento del sistema económico. Identificamos la existencia de un punto de equilibrio estable único. Finalmente llevamos a cabo análisis de dinámica comparativa el cual proporcionan algunas ideas sobre la complejidad de crecimiento económico considerando la moda.

Suggested Citation

  • Wei-Bin Zhang, 2016. "Fashion with Snobs and Bandwagoners in a Three-Type Households and Three-Sector Neoclassical Growth Model," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 11(2), pages 1-19, Julio-Sep.
    • Handle: RePEc:imx:journl:v:11:y:2016:i:2:p:1-19
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    File URL: http://www.remef.org.mx/index.php/remef/article/view/83/150
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    References listed on IDEAS

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    Cited by:

    1. Ahmad Naimzada & Marina Pireddu, 2019. "A general equilibrium evolutionary model with generic utility functions and generic bell-shaped attractiveness maps, generating fashion cycle dynamics," Working Papers 401, University of Milano-Bicocca, Department of Economics, revised Mar 2019.
    2. Wei-Bin Zhang, 2017. "Fashion and Business Cycles with Snobs and Bandwagoners in a Multi-Sector Growth Model," Journal of Business, LAR Center Press, vol. 2(3), pages 1-13, May.
    3. Ahmad Naimzada & Marina Pireddu, 2020. "A general equilibrium evolutionary model with two groups of agents, generating fashion cycle dynamics," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(1), pages 155-185, June.

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    More about this item

    Keywords

    Fashion; Snob; Bandwagoner; Fashion Industry; Neoclassical Growth Theory; Income and Wealth Distribution;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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