Simon P. Anderson

TL;DR: This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior.

TL;DR: In this paper, the authors present a theory of the market provision of broadcasting and use it to address the nature of market failure in the industry, where advertising levels may be too low or too high, depending on the nuisance cost to viewers, the substitutability of programs, and the expected benefits to advertisers from contacting viewers.

TL;DR: In this paper, the authors formalized an equilibrium model in which altruism and decision-error parameters determine the distribution of contributions for linear and quadratic public goods games and showed that the equilibrium density is exponential for linear games.

TL;DR: In this paper, the authors study price competition in the presence of search costs and product differentiation and show that prices may initially fall with the degree of product differentiation because more diversity leads to more search and more competition.

TL;DR: In this paper, the authors treat parking as a common property resource and examine the benefits of pricing it, showing that parking close to the destination will be excessive, and will fall off more rapidly than is socially optimal.