A Geographical Product Differentiation Model of Trade Competition in Third Markets

Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition

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School Competition and Product Differentiation∗

This paper provides the first combined theoretical and empirical analysis of the impact of private school entry on private schools’ strategic choices of quality, addressing the concern that school competition can harm poorer students. I develop a model where schools select their quality when (1) the match between a school and a student affects test scores, and (2) wealthier students’ enrollment...

Monopolistic Competition and Product Differentiation

b. The industry for individual-serving juice boxes is dominated by a few very large firms (for example, Minute Maid, Welch’s, and Kool Aid), and there are significant barriers to entry, in part because of the large costs (for example, advertising) involved in gaining any market share of the national market. Products are, however, differentiated—if perhaps only in the minds of consumers. Because...

Product Differentiation in Aviation Passenger Markets: the Impact of Demand Heterogeneity on Competition

Product Market Competition and Trade Union Structure

Trade unions tend to reduce the dispersion of wages among their members. Skilled workers may therefore have an incentive to separate from an encompassing union and organize into a separate craft union. This paper examines a theoretical model to gain insight into the structure of trade unions at a firm. We show that imperfect competition in the product market may drive skilled and unskilled work...