the center and compete for land there, and that a larger mass of highly talented agents will increase competition for land …

We develop a monopolistic-competition model of closed two-sector one-factor economy, where agents are (continuously …

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

firms and results in more intense quality competition among the entrants. This is due to the elasticity of consumer demand … for quality being higher in more inegalitarian economies. More intense quality competition among firms causes them to … differentiation. Competition between more similar products tends to reduce their prices. However, when income inequality is very high …

. We apply our results to problems from trade, competition theory, consumption inequality, political economics and … inequality between heterogeneous agents. By stating our setting as a "competition for market shares", we can derive inequality … predictions for vastly different competition models. This approach allows us to identify a common structure, e.g., in monopolistic …