The Economics of Information

@article{Stigler1961TheEO,
  title={The Economics of Information},
  author={George Joseph Stigler},
  journal={Journal of Political Economy},
  year={1961},
  volume={69},
  pages={213 - 225}
}
  • G. Stigler
  • Published 1 June 1961
  • Economics
  • Journal of Political Economy
The identification of sellers and the discovery of their prices is given as an example of the role of the search for information in economic life. 
Price Dispersion and Search Costs: The Roles of Imperfect Information and Product Dierentiation
Price dispersion is prevalent in the French market, even after controlling for observable and unobservable store and market characteristics. Reduced-form test show that search
Essays on Information, Competition, and Pricing Dynamics in the Retail Gasoline Market
Essays on Information, Competition, and Pricing Dynamics in the Retail Gasoline Market
The Market Process
People participate in markets as buyers and sellers to achieve mutual benefit. Both are trying to solve problems. This chapter describes a model of market transactions and exchange processes, which
An Analysis of Pricing Strategy and Price Dispersion on the Internet
The development of e-commerce, or the buying and selling of goods on the inter-net, has greatly reduced the costs to consumers of identifying the sellers of various goods and the prices that they
Search, Information, and Market Structure
The analysis of search and information in markets has been carried on at a brisk pace since Stigler’s 1961 paper. In this paper I want to concentrate on one aspect of the discussion that has been
DYNAMIC MONOPOLIST'S BEHAVIOUR AND CONSUMER LEARNING*
This paper studies the optimal behavior of a monopolist in the presence of asymmetric information cencerning the characteristics of the good he produces.
...
...