Information, Welfare, and Product Diversity

  • Steven C. Salop
  • Joseph E. Stiglitz


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.


Product Diversity Demand Curve Search Cost Imperfect Information Market Area 
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Copyright information

© George R. Feiwel 1987

Authors and Affiliations

  • Steven C. Salop
  • Joseph E. Stiglitz

There are no affiliations available

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