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The Value of Product Diversity

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  • Suen, Wing

Abstract

Heterogeneity in product value across individuals and across different states of nature for the same individual widens opportunity and is, therefore, valuable apart from the taste for variety as such. The value of diversity is discussed in the context of a discrete choice model and several welfare propositions concerning the value of diversity are derived. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Suen, Wing, 1991. "The Value of Product Diversity," Oxford Economic Papers, Oxford University Press, vol. 43(2), pages 217-223, April.
    • Handle: RePEc:oup:oxecpp:v:43:y:1991:i:2:p:217-23
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    Cited by:

    1. Heritiana Ranaivoson, 2005. "The economic analysis of product diversity," Cahiers de la Maison des Sciences Economiques r05083, Université Panthéon-Sorbonne (Paris 1).
    2. Heritiana Ranaivoson, 2005. "The economic analysis of product diversity," Post-Print halshs-00197137, HAL.

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