Frontmatter -- Contents -- Publisher's Note -- Introduction: Markets and Diversity -- PART I. The Value of Diversity -- PART II. The Division of Labor and Human Capital -- PART III. Diversity and the Distribution of Income -- Author Index -- Subject Index

Intro -- Contents -- Publisher's Note -- Introduction: Markets and Diversity -- Part I: The Value of Diversity -- 1. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition -- 2. Discrimination in the Market for Public School Teachers -- 3. The Value of Saving a Life:...

In a two-country model with trade driven by comparative advantages, it is considered how imperfectly competitive labour markets are affected by lower frictions in international goods trade. Easier goods trading is equivalent to increased mobility of employment across countries and thus a change...