Learning and Strategic Pricing
DOI10.2307/2171959zbMATH Open0856.90037OpenAlexW2173246629MaRDI QIDQ4895059FDOQ4895059
Authors: Dirk Bergemann, Juuso Välimäki 
Publication date: 23 February 1997
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://cowles.yale.edu/sites/default/files/files/pub/d11/d1113.pdf
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experimentationmulti-armed bandit problemMarkov perfect equilibrialearning processdynamic oligopolyoligopoly modelasymptotic behavior of the equilibriainfinite stochastic gamesingle consumerstream of goods
Auctions, bargaining, bidding and selling, and other market models (91B26) Markov and semi-Markov decision processes (90C40) Stochastic games, stochastic differential games (91A15) Microeconomic theory (price theory and economic markets) (91B24) Memory and learning in psychology (91E40)
Cited In (38)
- Asymmetric consumer learning and inventory competition
- Strategic resource dependence
- Continuous learning methods in two-buyer pricing problem
- Optimal markdown pricing strategy with demand learning
- Optimal learning before choice
- New product launch: Herd seeking or herd preventing?
- Recursive robust estimation and control without commitment
- Adaptive Incentive-Compatible Sponsored Search Auction
- Sequential decomposition of discrete-time mean-field games
- Dynamic common agency.
- Parallel search for information in continuous time -- optimal stopping and geometry of the PDE
- Firm-specific training
- Super- and submodularity of stopping games with random observations
- Good news and bad news in two-armed bandits
- Price competition for an informed buyer
- Social learning and delay in a dynamic model of price competition
- Learning competitive market balance
- Optimal Dynamic Information Acquisition
- Evolutionary Learning of the Optimal Pricing Strategy in an Artificial Payment Card Market
- Evolving market structure: An ACE model of price dispersion and loyalty
- Pricing, learning, and strategic behavior in a single-sale model
- Monopoly pricing in the binary herding model
- Dynamic price competition
- The implications of pricing on social learning
- Common value experimentation
- Optimal Exploration–Exploitation in a Multi-armed Bandit Problem with Non-stationary Rewards
- Optimal repeated purchases when sellers are learning about costs
- Competitive experimentation with private information: the survivor's curse
- Inefficiency of sponsored research
- Robust estimation and control under commitment
- A generalized learning curve adapted for purchasing and cost reduction negotiations
- Optimal pricing against a simple learning rule
- Dynamic pricing in the presence of individual learning
- Price experimentation with strategic buyers
- The Ignorant Monopolist: Optimal Learning with Endogenous Information
- Optimal stopping problems in Lévy models with random observations
- Experimentation in Markets
- Repeated common value auctions with asymmetric bidders
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