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...

In neoclassical theory, product differentiation provides consumers with a variety of different products within a particular industry, rather than a homogeneous product that characterizes purely competitive markets. The welfare-enhancing benefit of product differentiation is the greater variety of products available to consumers, which comes at the cost of a higher average total cost of producti...

This article addresses the transfer of new product technologies from outside the firm for integration into a new product system as part of a product development effort. Product technology transfer is a key activity in the complex process of new product development and is the fundamental link in the technology supply chain. Product technology transfer too often is dealt with in an ad-hoc fashion...

Previous studies of the cable television industry have focused on the effects of deregulation and competition on cable service prices. These studies use either the "most popular" tier or the "lowest-priced" tier when comparing prices of different cable systems. However, these tiers often represent a different type of cable service so that previous empirical results based on the assumption that ...

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...

The purpose of this study is to analyse theoretically the implications of applying the procedure for market delineation used by competition authorities in the EU and in the US. Specifically, we investigate the circumstances under which the procedure will lead to a positive relation between actual market power and the assessed degree of market dominance. Another objective is to test whether the ...

Due to the development of science and technology, the computer has become a useful tool for supporting engineering activities in product design. Many computer aided tools such as CAD/CAM, product data management (PDM), product life cycle assessment (PLA), etc., have been popularly used in industry for reducing product development lead-time and increasing total product quality. However, the nume...