We examine the effect of a threat of entry on experimentation about demand by an incumbent monopolist when there is a … fixed cost of entry. We show that experimentation may itself be used as a tool for entry deterrence and derive conditions … under which experimentation reduces the probability of entry. These conditions depend on the entry rule which in turn …

This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the … is an inefficiently low level of experimentation in any equilibrium where the players use stationary Markovian strategies … equilibria depends on the way players share the burden of experimentation among them. We show that at least for relatively …

product. While consumers can learn their valuation by actual consumption (experimentation), sellers cannot observe … experimentation outcomes. Thus, asymmetric information arises if the buyer experiments. As a result, the equilibrium is inefficient … ausprobiert (Experimentation). Die Verkäufer hingegen können nicht beobachten, ob der Käufer zufrieden war, wenn er das neue Gut …

product. While consumers can learn their valuation by actual consumption (experimentation), sellers cannot observe … experimentation outcomes. Thus, asymmetric information arises if the buyer experiments. As a result, the equilibrium is inefficient … ausprobiert (Experimentation). Die Verkäufer hingegen können nicht beobachten, ob der Käufer zufrieden war, wenn er das neue Gut …

This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the … is an inefficiently low level of experimentation in any equilibrium where the players use stationary Markovian strategies … equilibria depends on the way players share the burden of experimentation among them. We show that at least for relatively …

Basé sur une expérimentation, cet article porte sur la relation entre systèmes de mesure des performances et d …

most of its trading partners. At the micro level, there seems to be a different degree of "market experimentation" in the … institutional and regulatory settings may reduce the degree of market experimentation of new firms. This, in turn, could lower the … entry and adjustment costs in Europe may stimulate a pre-market selection of business plans with less market experimentation …