The Monopolistic Firm, Random Demand, and Bayesian Learning

DOI10.1287/OPRE.32.5.1038MaRDI QIDQ3722212zbMATH OpenOpenAlexFDO

Authors

Publication date 1984

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.32.5.1038

zbMATH Keywords

intertemporal allocationLearning behaviormarket behaviormonopolistic firm under uncertaintymultiperiod frameworkrisk-aversion

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

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(5)

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• Dynamic pricing with Bayesian demand learning and reference price effect
• The effect of information in separable Bayesian semi-Markov control models and its application to investment planning

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