Joseph E. Stiglitz

MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY

Pettengill tests whether there is an excessive number of firms in a monopolistically competitive equilibrium by a device of considerable expository merit. He removes one firm, a...

Increasing risk: I. A definition

Incentives, Risk , and Information: Notes Towards a Theory of Hierarchy

This paper analyzes the role of incentives, risk, and information in determining the structure of employment contracts. In particular, we focus on the functions performed by pie...

The Great Transformation: The Political and Economic Origins of Our Time

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs: Reply

Stiglitz addresses some aspects of the pure theory of corporate finance as they relate to bankruptcies and take-overs.

The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds

Increasing Risk: A Definition and Its Economic Consequences

On the Impossibility of Informationally Efficient Markets

If competitive equilibrium is defined as a situation in which prices are such that all arbitrage profits are eliminated, it is not clear whether it is possible that a competitiv...