Experimentation in Markets

DOI10.1111/1467-937X.00128zbMath1028.91537OpenAlexW2131627573MaRDI QIDQ4503711

Dirk Bergemann, Juuso Välimäki

Publication date: 14 September 2000

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/1467-937x.00128

zbMATH Keywords

Bayesian learningprice competitionMarkov perfect equilibrium prices and allocationspath of sales

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (19)

Hierarchical experimentation ⋮ OPTIMAL MARKDOWN PRICING STRATEGY WITH DEMAND LEARNING ⋮ Price competition for an informed buyer ⋮ Bayesian Exploration: Incentivizing Exploration in Bayesian Games ⋮ Common value experimentation ⋮ Learning from private and public observations of others' actions ⋮ On the smoothness of value functions and the existence of optimal strategies in diffusion models ⋮ Consumer strategy, vendor strategy and equilibrium in duopoly markets with production costs ⋮ Dynamic Selling Mechanisms for Product Differentiation and Learning ⋮ Super- and submodularity of stopping games with random observations ⋮ A common value experimentation with multiarmed bandits ⋮ The role of externalities and information aggregation in market collapse ⋮ Dynamic pricing in the presence of individual learning ⋮ New product launch: Herd seeking or herd preventing? ⋮ Competitive experimentation with private information: the survivor's curse ⋮ On the optimal amount of experimentation in sequential decision problems ⋮ Inefficiency of sponsored research ⋮ Competitive Targeted Advertising Over Networks ⋮ Optimal stopping problems in Lévy models with random observations

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