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Vertically differentiated goods and labour markets. A note on quality, quantity and welfare

Author

Listed:
  • TURRINI, Alessandro

    (Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium)

Abstract

In a vertically differentiated oligopoly where the high quality variant of the good requires the use of the high quality labour (available in¯fixed supply) ¯firms may either all supply the same quality or di®erentiate their product. Only di®erentiated outcomes can be optimal, but the number of ¯rms choosing the high quality variant is generally above the optimal number.

Suggested Citation

  • TURRINI, Alessandro, 1997. "Vertically differentiated goods and labour markets. A note on quality, quantity and welfare," LIDAM Discussion Papers CORE 1997056, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1997056
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1997.html
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    More about this item

    Keywords

    Quality competition; product differentiation; strategic effects; cost externalities;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality

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