The Ignorant Monopolist: Optimal Learning with Endogenous Information

DOI10.2307/2527182MaRDI QIDQ4272858zbMATH OpenOpenAlexFDO

Authors Daniel Trefler

Publication date 28 February 1994

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2527182

zbMATH Keywords

learningmonopolist

Mathematics Subject Classification ID

Dynamic programming (90C39) Auctions, bargaining, bidding and selling, and other market models (91B26) Economics of information (91B44)

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Cited in

(14)

• Optimal growth and uncertainty: Learning
• Learning by doing and the value of optimal experimentation
• Entry and vertical differentiation
• Another look at the Radner--Stiglitz nonconcavity in the value of information.
• Learning monopolies with delayed feedback on price expectations
• Passive learning: a critique by example
• On learning and growth
• Dynamic pricing and inventory control with learning
• Endogenous Learning, Learning by Doing and Information Sharing
• Learning about the arrival of sales
• Learning about variable demand in the long run
• Optimal investments in market research
• Optimal experimentation and the perturbation method in the neighborhood of the augmented linear regulator problem
• Monopoly pricing in the binary herding model

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