This paper constructs a horizontally and vertically differentiated product model in a repeated, collusive pricing game. Based upon different profit-sharing rules, it examines the interacting effects of (vertical) quality distortion and cost difference on (horizontal) market competition. It shows...

Prior research on auditor industry specialization documents fee premiums for local audit offices that are industry specialists. This research assumes that the effects of specialization are uniform across markets. We examine industry specialization based on the economic theory of industry...

As research indicates a gap between complex scientific measures of accessibility and simpler proxies used by firms, this paper analyses the impact of several market access indicators on the location decision of firms. It compares the role of inter- and intra-industry agglomeration as proxies of...

Are Chinese cities too agglomerated, and are production factors continuing to flow to cities? Based on the panel data of 31 provinces and cities from 2006 to 2019，it is generally believed that urbanization has a positive role in promoting economic growth. This paper adds economic agglomeration...