Laiho, Tuomas; Murto, Pauli; Salmi, Julia - In: Theoretical economics : TE ; an open access journal in … 20 (2025) 1, pp. 93-130
We introduce a collective experimentation problem where a continuum of agents choose the timing of irreversible actions under uncertainty and where public feedback from the actions arrives gradually over time. The leading application is the adoption of new technologies. The socially optimal...