Markets and Diversity

Sherwin Rosen

    Publisher's Note

    Introduction: Markets and Diversity

    Part I

    1. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition

    2. Discrimination in the Market for Public School Teachers

    3. The Value of Saving a Life: Evidence from the Labor Market

    4. Learning and Experience in the Labor Market

    Part II

    5. Substitution and Division of Labour

    6. Education and Self-Selection

    7. Specialization and Human Capital

    Part III

    8. The Economics of Superstars

    9. Authority, Control, and the Distribution of Earnings

    10. Prizes and Incentives in Elimination Tournaments

    11. Rank-Order Tournaments as Optimum Labor Contracts

    12. Contracts and the Market for Executives

    Index

  • Cover: Markets and Diversity

Sherwin Rosen was Professor of Economics at the University of Chicago and former president of the American Economic Association.