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Shannon's entropy as an index of product variety

Article ID Journal Published Year Pages File Type
5062573 Economics Letters 2007 7 Pages PDF
Abstract

The antilog of Shannon's entropy possesses three properties that support its use as an index of product variety. What distinguishes this index from other indexes is that it can be decomposed in a consistent way.

Keywords
L11C43EntropyProduct variety
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Shannon's entropy as an index of product variety
Authors
Sebastiaan M. Straathof,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
L11
C43
Entropy
Product variety
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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