Reaching high levels of artistic creation in a society requires institutions that facilitate the sorting of the most talented individuals of each generation and the development of their skills across artistic careers. This working paper takes a professional career approach to analyzing how...

Can an increasing number of firms and brands exacerbate problems related to asymmetric information on product quality?. This working paper analyzes this trade-off between variety and information using Salop's (1979) framework by introducing quality uncertainty and a simple information diffusion...

Consumption requires time (consumption and time are complements of each other). In addition higherquality goods provide more utility per unit of time allocated to consumption, though at a higher monetary cost. Since time is limited, higher income is decreasingly spent augmenting the number of...

This working paper analyzes the connection between country specialization across goods and country specialization within goods along the quality dimension. It builds a model that introduces quality differentiation and firm heterogeneity into the Dornbusch, Fischer and Samuelson (1977) framework....

This paper explores the link between international specialization across goods and within goods along the quality dimension. The analysis is performed in a multi-country model with an integer number of efficiency heterogeneous firms producing each good and under reasonably general assumptions on...