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PRODUCT QUALITY AND MARKET SIZE -super-*

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  • STEVEN BERRY
  • JOEL WALDFOGEL

Abstract

Do larger markets offer better products? The question has implications for theories of cities and theories of market organization. We document that in the restaurant industry, where quality is produced largely with variable costs, the range of qualities on offer increases in market size. In daily newspapers, where quality is produced with fixed costs, the average quality of products increases with market size, but the market does not offer much additional variety as it grows large. These results are consistent with IO theories of endogenous product quality and with theories that emphasize the consumption advantages of cities. Copyright 2010 The Authors. Journal compilation 2010 Blackwell Publishing Ltd. and the Editorial Board of The Journal of Industrial Economics.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal The Journal of Industrial Economics.

Volume (Year): 58 (2010)
Issue (Month): 1 (03)
Pages: 1-31

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Handle: RePEc:bla:jindec:v:58:y:2010:i:1:p:1-31

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Cited by:
  1. Matthew Gentzkow & Jesse M. Shapiro, 2014. "Ideology and Online News," NBER Chapters, in: Economics of Digitization National Bureau of Economic Research, Inc.
  2. Matthew Gentzkow & Jesse M. Shapiro & Michael Sinkinson, 2012. "Competition and Ideological Diversity: Historical Evidence from US Newspapers," NBER Working Papers 18234, National Bureau of Economic Research, Inc.
  3. Kurt R. Brekke & Luigi Siciliani & Odd Rune Straume, 2009. "Price and quality in spatial competition," NIPE Working Papers 21/2009, NIPE - Universidade do Minho.
  4. Joel Waldfogel, 2014. "Digitization and the Quality of New Media Products: The Case of Music," NBER Chapters, in: Economics of Digitization National Bureau of Economic Research, Inc.
  5. Ferguson, Shon, 2010. "Endogenous Product Differentiation, Market Size and Prices," Research Papers in Economics 2010:26, Stockholm University, Department of Economics.
  6. Dakshina De Silva & Caroline Elliott & Robert Simmons, 2013. "Restaurant wars," Working Papers 44312700, Lancaster University Management School, Economics Department.
  7. PICARD, Pierre M. & OKUBO, Toshihiro, . "Firms' locations under demand heterogeneity," CORE Discussion Papers RP -2459, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. Hugh Gravelle & Rita Santos & Luigi Siciliani & Rosalind Goudie, 2012. "Hospital Quality Competition Under Fixed Prices," Working Papers 080cherp, Centre for Health Economics, University of York.
  9. Li, Yan & Lyons, Bruce, 2012. "Market structure, regulation and the speed of mobile network penetration," International Journal of Industrial Organization, Elsevier, vol. 30(6), pages 697-707.

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