Search Results - subject:"EXPERIMENTATION"

The simple analytics of information and experimentation in dynamic agency

Mirman, Leonard J.; Jeitschko, Thomas D.; Salgueiro, Egas - In: Economic Theory 19 (2002) 3, pp. 549-570

The dynamics of a stochastic, two-period principal-agent relationship is studied. The agent's type remains the same over time. Contracts are short term. The principal designs the second contract, taking the information available about the agent after the first period into account. <p>Compared to...</p>

Persistent link: https://www.econbiz.de/10005753321

Price Dispersion and Learning in a Dynamic Differentiated-Goods Duopoly

Keller, R Godfrey; Rady, Sven - C.E.P.R. Discussion Papers - 2001

We study the evolution of prices set by duopolists who are uncertain about the perceived degree of product differentiation. Customers sometimes view the products as close substitutes, sometimes as highly differentiated. As the informativeness of the quantities sold increases with the price...

Persistent link: https://www.econbiz.de/10005791481

Information and experimentation in short-term contracting

Mirman, Leonard J.; Jeitschko, Thomas D. - In: Economic Theory 19 (2002) 2, pp. 311-331

The impact of information dissemination and experimentation on dynamic adverse selection in noisy agency relationships …

Persistent link: https://www.econbiz.de/10005178760

Sequential Testing in Product Development

Thomke, Stefan; Bell, David E. - In: Management Science 47 (2001) 2, pp. 308-323

A fundamental problem in managing product development is the optimal timing, frequency, and fidelity of sequential testing activities that are carried out to evaluate novel product concepts and designs. In this paper, we develop a mathematical model that treats testing as an activity that...

Persistent link: https://www.econbiz.de/10009214016

Implications of the Illinois Reemployment Bonus Experiments for Theories of Unemployment and Policy Design

Meyer, Bruce - Industrial Relations Section, Department of Economics - 1988

Persistent link: https://www.econbiz.de/10010928335

Jeu de l'investissement et coordination par les intentions : des resultats experimentaux.

Meidinger, C.; Robin, S.; Ruffieux, B. - Centre de recherche de mathématiques et économie … - 2000

Des resultats experimentaux concernant les problemes de coordination des joueurs sur des issues mutuellement avantageuses du jeu de l'investissement sont ici presentes. Ces resultats font apparaitre l'importance de processus de communication d'intentions entre les joueurs pour realiser une telle...

Persistent link: https://www.econbiz.de/10005475314

Central Bank Rerform, Liberalization and Inflation in Transition Economies - an International Perspective.

Cukierman, A.; Miller, G.P.; Neyapti, B. - Foerder Institute for Economic Research, Eitan Berglas … - 2000

(CBI) in the industrial democracies and in other developing countries and permits experimentation with alternative indices …

Persistent link: https://www.econbiz.de/10005489271

Is it "Economics and Psychology"?: the Case of Hyperbolic Discounting.

Rubinstein, A. - Foerder Institute for Economic Research, Eitan Berglas … - 2000

The paper questions the methodology of "economics and psychology". It focuses on the case of hyperbolic discounting. Using some experimental results, I argue that the same sort of evidence which rejects the standard constant discount utility functions can just as easily reject hyperbolic...

Persistent link: https://www.econbiz.de/10005489281

Some Optimal Strategies for Bandit Problems with Beta Prior Distributions

Lin, Chien-Tai; Shiau, C. - In: Annals of the Institute of Statistical Mathematics 52 (2000) 2, pp. 397-405

Persistent link: https://www.econbiz.de/10005622207

Learning with noiseless information and payoff-relevant signals

Schlee, Edward E.; Datta, Manjira; Mirman, Leonard J. - In: Economic Theory 16 (2000) 1, pp. 63-75

In models of active learning or experimentation, agents modify their actions to affect the distribution of a signal … that provides information about future payoffs. A standard result in the experimentation literature is that agents … and Spagat [4] show that, if the signal is payoff relevant, experimentation may indeed reduce information. Here we show …

Persistent link: https://www.econbiz.de/10005596781