A Bayesian Approach to the Production of Information and Learning by Doing
From MaRDI portal
Publication:4152293
DOI10.2307/2296906zbMath0373.90004MaRDI QIDQ4152293
Leonard J. Mirman, Richard Kihlstrom, 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
Dynamic pricing and inventory control with learning, The effect of information in separable Bayesian semi-Markov control models and its application to investment planning, The value to a firm of its rival learning, Periodic learning about a hidden state variable, Optimal investments in market research, Price asymptotics, Learning to be prepared, Optimal growth and uncertainty: Learning, Optimal growth with experimentation, On the convergence of Bayesian posterior processes in linear economic models. Counting equations and unknowns, Growth under uncertainty with experimentation, Duopoly experimentation: Cournot competition, Dynamic duopoly with learning through market experimentation, Experimentation with heteroskedastic noise, On the convexity of the value function in Bayesian optimal control problems, Learning from others: A welfare analysis, On the structure of Blackwell's equivalence classes of information systems, Experimentation and competition, The value of information: The case of signal-dependent opportunity sets, Another look at the Radner--Stiglitz nonconcavity in the value of information., The dynamics and revealed preference of status-quo optimality, Learning, diversification and the nature of risk, Shunning uncertainty: the neglect of learning opportunities
