A Bayesian Approach to the Production of Information and Learning by Doing
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Publication:4152293
DOI10.2307/2296906zbMath0373.90004OpenAlexW1590531044MaRDI QIDQ4152293
Richard Kihlstrom, Leonard J. Mirman, Sanford J. Grossman
Publication date: 1977
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/3ec02c9e39caebf0036df6a6844faf500dc72095
Related Items (26)
On learning and growth ⋮ Dynamic pricing and inventory control with learning ⋮ Dynamic duopoly with learning through market experimentation ⋮ Experimentation with heteroskedastic noise ⋮ On the convexity of the value function in Bayesian optimal control problems ⋮ The dynamics and revealed preference of status-quo optimality ⋮ Shunning uncertainty: the neglect of learning opportunities ⋮ Learning from others: A welfare analysis ⋮ On the structure of Blackwell's equivalence classes of information systems ⋮ Experimentation and competition ⋮ The effect of information in separable Bayesian semi-Markov control models and its application to investment planning ⋮ The value of information: The case of signal-dependent opportunity sets ⋮ Schumpeterian competition in a Lucas economy ⋮ Conjectures and underpricing in repeated mass disputes with heterogeneous plaintiffs ⋮ Optimal growth with experimentation ⋮ On the convergence of Bayesian posterior processes in linear economic models. Counting equations and unknowns ⋮ Price asymptotics ⋮ The value to a firm of its rival learning ⋮ Learning, diversification and the nature of risk ⋮ Learning to be prepared ⋮ Periodic learning about a hidden state variable ⋮ Optimal growth and uncertainty: Learning ⋮ Growth under uncertainty with experimentation ⋮ Duopoly experimentation: Cournot competition ⋮ Optimal investments in market research ⋮ Another look at the Radner--Stiglitz nonconcavity in the value of information.
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