Sherwin Rosen was Professor of Economics at the University of Chicago and former president of the American Economic Association.

• Publisher's Note Introduction: Markets and Diversity Part I 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: Evidence from the Labor Market 4. Learning and Experience in the Labor Market Part II 5. Substitution and Division of Labour 6. Education and Self-Selection 7. Specialization and Human Capital Part III 8. The Economics of Superstars 9. Authority, Control, and the Distribution of Earnings 10. Prizes and Incentives in Elimination Tournaments 11. Rank-Order Tournaments as Optimum Labor Contracts 12. Contracts and the Market for Executives Index

Sherwin Rosen was highly creative and thought deeply about economic questions. This collection of some of his most important articles on compensating differences in labor and product markets, superstars, the value of life, investment in human capital, and other important economic questions is still fresh and stimulating. I expect his influence on economic thinking to grow. There is no better way to get into his work than to read Markets and Diversity.

Sherwin Rosen was Professor of Economics at the University of Chicago and former president of the American Economic Association.

• Publisher's Note Introduction: Markets and Diversity Part I 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: Evidence from the Labor Market 4. Learning and Experience in the Labor Market Part II 5. Substitution and Division of Labour 6. Education and Self-Selection 7. Specialization and Human Capital Part III 8. The Economics of Superstars 9. Authority, Control, and the Distribution of Earnings 10. Prizes and Incentives in Elimination Tournaments 11. Rank-Order Tournaments as Optimum Labor Contracts 12. Contracts and the Market for Executives Index

Sherwin Rosen was highly creative and thought deeply about economic questions. This collection of some of his most important articles on compensating differences in labor and product markets, superstars, the value of life, investment in human capital, and other important economic questions is still fresh and stimulating. I expect his influence on economic thinking to grow. There is no better way to get into his work than to read Markets and Diversity.

Sherwin Rosen was Professor of Economics at the University of Chicago and former president of the American Economic Association.

• Publisher's Note Introduction: Markets and Diversity Part I 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: Evidence from the Labor Market 4. Learning and Experience in the Labor Market Part II 5. Substitution and Division of Labour 6. Education and Self-Selection 7. Specialization and Human Capital Part III 8. The Economics of Superstars 9. Authority, Control, and the Distribution of Earnings 10. Prizes and Incentives in Elimination Tournaments 11. Rank-Order Tournaments as Optimum Labor Contracts 12. Contracts and the Market for Executives Index

Sherwin Rosen was highly creative and thought deeply about economic questions. This collection of some of his most important articles on compensating differences in labor and product markets, superstars, the value of life, investment in human capital, and other important economic questions is still fresh and stimulating. I expect his influence on economic thinking to grow. There is no better way to get into his work than to read Markets and Diversity.