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

other hand, they actively learn by creating price dispersion. This market experimentation is transient, and most likely to …

This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes … optimal policy on these parameters is discontinuous. One regime is characterised by extreme experimentation and good tracking … of the prevailing demand curve, the other by moderate experimentation and poor tracking. Moreover, in the latter regime …

Innovative firms have an incentive to invest in a flexible technology to employ more sophisticated experimentation … learning problem in a model with discontinuous demand. Experimentation with a flexible technology induces a bias in product …

Experimentation, a form of problem-solving, is a fundamental innovation activity and accounts for a significant part of … total innovation cost and time. In many fields, the economics of experimentation are being radically affected by the use of … experimentation process in the design of integrated circuits containing either (1) electrically programmable logic devices (EPLDs); or …

apply theories and impose changes from above, but has encouraged systematic experimentation linked to clear business targets.  …