Search Results - subject:"EXPERIMENTATION"

The Diffusion of Policy Innovations. An Experimental Investigation

Tyran, Jean-Robert; Sausgruber, Rupert - School of Economics and Political Science, Universität … - 2003

discriminates between experimentation, experience, and emulation as determinants of policy adoption. The policy innovation we study …

Persistent link: https://www.econbiz.de/10005797653

Strategic Experimentation with Exponential Bandits

Cripps, Martin William; Keller, R Godfrey; Rady, Sven - C.E.P.R. Discussion Papers - 2003

This Paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a pay … experimentation in any equilibrium where the players use stationary Markovian strategies with posterior beliefs as the state variable … acquisition; the efficiency of these equilibria depends on the way players share the burden of experimentation among them. In …

Persistent link: https://www.econbiz.de/10005124141

Optimal Experimentation and the Perturbation Method.

Cosimano, Thomas F. - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005345683

Etude de l'effet de signal de la promotion sur l'acceptation d'achat d'un produit de grande consommation

Desmet, Pierre - Université Paris-Dauphine (Paris IX) - 2003

In the article, we want to study existence and valence of the signal given by a promotional communication, usually associated with a price discount. An individual utility model is used to analyse empirical data from Gabor & Granger study. Results show that signal increase price effect and that,...

Persistent link: https://www.econbiz.de/10010708747

Structural Uncertainty and Central Bank Conservatism: The Ignorant Should Keep Their Eyes Shut

Rosal, Joao Mauricio; Spagat, Michael - C.E.P.R. Discussion Papers - 2002

We study the problem of a central bank whose policy actions simultaneously affect the information flow about its expectations-augmented Phillips curve and its reputation for toughness in fighting inflation. In an environment with an unknown relationship between inflation surprises and output,...

Persistent link: https://www.econbiz.de/10005497983

Moving forward: Beyond cost per square foot ‐ the other critical success factors in workplace change projects

Drake, Alan - In: Journal of Corporate Real Estate 4 (2002) 2, pp. 160-168

Real estate success is frequently defined within a narrow frame: capacity, budget and time. However, setting the real estate decision within the broader context of the business ‐ leveraging the connections to do more than simply house the workforce ‐ expands the value equation. Understanding...

Persistent link: https://www.econbiz.de/10014851747

Some Evolutionary Foundations for Price Level Rigidity

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in the face of aggregate shocks. The payoff depends on the level of aggregate demand, as well as on their...

Persistent link: https://www.econbiz.de/10005661497

Racing with Uncertainty: A Patent Race Experiment.

Zizzo, D.J. - Department of Economics, Oxford University - 2001

This paper presents an experimental test of the multi-stage patent race model by Harris and Vickers (1987). Tied competitors invested more when nearer the end of the race, but this may have followed from a more general and unexplained pattern of a positive correlation between investment and...

Persistent link: https://www.econbiz.de/10005047704

Three stages of net entry into Austrian manufacturing: entrepreneurial experimentation and actual entry

Hölzl, Werner; Hofer, Reinhold; Schenk, Angelika - Vienna University of Economics and Business Research … - 2001

In this paper we explore the determinants of changes in the industrial populations rates in Austrian manufac-turing. The research questions whether or not the nature and causes of the net entry of firms across three dif-ferent stages of entry-exit decision and firm growth are different. Our...

Persistent link: https://www.econbiz.de/10005817199

Pricing, learning, and strategic behavior in a single-sale model

Serio, Virginia Vera de; Chade, Hector - In: Economic Theory 19 (2002) 2, pp. 333-353

We analyze an infinite horizon model where a seller who owns an indivisible unit of a good for sale has incomplete information about the state of the world that determines not only the demand she faces but also her own valuation for the good. Over time, she randomly meets potential buyers who...

Persistent link: https://www.econbiz.de/10005596674