Learning, Experimentation, and the Optimal Output Decisions of a Competitive Firm
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Publication:3941144
DOI10.1287/mnsc.28.6.589zbMath0482.90012MaRDI QIDQ3941144
Giora Harpaz, Robert L. Winkler, Wayne Lee
Publication date: 1982
Published in: Management Science (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1287/mnsc.28.6.589
theory of the firm; demand uncertainty; demand forecasting; Bayesian framework; learning from experience; optimal sequential output; overproduction; perfectly competitive firm
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