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Information, Welfare, and Product Diversity

In: Arrow and the Foundations of the Theory of Economic Policy

Author

Listed:
  • Steven C. Salop
  • Joseph E. Stiglitz

Abstract

It is easy to contribute a chapter to a volume honouring Kenneth Arrow: there is hardly an area of concern to modern economic theory where he has not had fundamental insights. This chapter picks up on two themes on which he made early and important contributions.

Suggested Citation

  • Steven C. Salop & Joseph E. Stiglitz, 1987. "Information, Welfare, and Product Diversity," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Arrow and the Foundations of the Theory of Economic Policy, chapter 10, pages 328-340, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07357-3_11
    DOI: 10.1007/978-1-349-07357-3_11
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    Cited by:

    1. Joseph E. Stiglitz, 2004. "Information and the Change in the Paradigm in Economics, Part 2," The American Economist, Sage Publications, vol. 48(1), pages 17-49, March.
    2. Stiglitz, Joseph E., 2017. "Monopolistic competition, the Dixit–Stiglitz model, and economic analysis," Research in Economics, Elsevier, vol. 71(4), pages 798-802.

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