It’s been a while since we have treated ourselves (and we hope you) to one of our occasional pieces on applying basic economic concepts to problems in higher education. It’s been a while since we have ...

First used in the 1930s by economists Edward Chamberlin and Joan Robinson, the term "monopolistic competition" refers to a market structure in which many businesses provide a product or service, but ...

This paper extends a Dixit-Stiglitz model of monopolistic competition to allow for technical heterogeneity amongst firms. The dispersion of firms' technical efficiency within the industry is generated ...

The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...

While public-sector collective bargaining tends to crowd out the interests of students, families, and taxpayers in education policymaking, teachers unions’ power comes from subjecting teachers to a ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. MEXICO CITY (AP) — Shares in Walmart’s ...