Exploiting the isobar model, kaon photo- and electroproduction on the proton
in the resonance region comes under scrutiny. An upgrade of our previous model,
comprising higher-spin nucleon and hyperon exchanges in the consistent
formalism, was accomplished by implementing energy-dependent widths of nucleon
resonances, which leads to a different choice of hadron form factor with much
softer values of cutoff parameter for the resonant part. For a reliable
description of electroproduction, the necessity of including longitudinal
couplings of nucleon resonances to virtual photons was revealed. We present a
new model whose free parameters were adjusted to photo- and electroproduction
data and which provides a reliable overall description of experimental data in
all kinematic regions. The majority of nucleon resonances chosen in this
analysis coincide with those selected in our previous analysis and also in the
Bayesian analysis with the Regge-plus-resonance model as the states
contributing to this process with the highest probability.Comment: 14 pages, 15 figure