Stiglitz establishes the relationship between monopoly, non-linear pricing, and imperfect information in the insurance market.

Symposium on Economics of Information: Introduction Joseph E. Stiglitz Joseph E. Stiglitz Stanford University and Oxford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 44, Issue 3, October 1977, Pages 389–391, https://doi.org/10.2307/2296897 Published: 01 October 1977

Journal Article Growth with Exhaustible Natural Resources: The Competitive Economy Get access Joseph E. Stiglitz Joseph E. Stiglitz St Catherine's College, Oxford and Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 5, December 1974, Pages 139–152, https://doi.org/10.2307/2296378 Published: 01 December 1974

Journal Article Incentives and Risk Sharing in Sharecropping Get access Joseph E. Stiglitz Joseph E. Stiglitz Yale University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 2, April 1974, Pages 219–255, https://doi.org/10.2307/2296714 Published: 01 April 1974

This paper presents some new ways of looking at economic systems and organizations. Individuals' judgments entail errors; they sometimes reject good projects and accept bad projects (or ideas). The architecture of an economic system (i.e., how the decision-making units are organized together within a system, who gathers what information, and who communicates what with whom) affects the errors made by individuals within the system, as well as how those errors are aggregated.