Copyright and Product Differentiation

Copyright and Product Differentiation

Product Differentiation

Product Differentiation and Public Education

Beginning with Tiebout (1956), numerous studies have argued that we should expect to see differences in public services among localities as a result of people “voting with their feet”. Here, we consider differentiation in public services as a way of reducing competition among localities (cities). If cities finance their public services with a property tax that generates “tax competition”, we fi...

Credence Goods and Product Differentiation

This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. We provide sufficient conditions for the existence of a unique price equilibrium and we characterize it. To illustrate the model, we adapt it to represent a newspapers’ indust...

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...