ADAMS, A. FRANK; JACKSON, JOHN D.; ROBERT B. EKELUND, JR. - In: Journal of Labor Research 23 (2002) 2, pp. 261-278
A straightforward model of supply and demand is developed to analyze the regulation of a "competitive" industry -- cosmetology -- with demand shifts representing an enhancement of "quality" and supply shifts representing restricted entry. Reducedform models are established to estimate both price...
