Preface / by Eric Maskin -- "Introduction", September 2019 -- "Learning and strategic pricing", Econometrica, 64:1125-1150, 1996 -- "Experimentation in markets", 2000, Review of economic studies, 67:213-234 -- Market diffusion with two-sided learning", RAND journal of economics, 28:773-795, 1997...

We consider truthful implementation of the socially efficient allocation in a dynamic private value environment in which agents receive private information over time. We propose a suitable generalization of the Vickrey-Clarke-Groves mechanism, based on the marginal contribution of each agent. In...

We survey the literature on multi-armed bandit models and their applications in economics. The multi-armed bandit problem is a statistical decision model of an agent trying to optimize his decisions while improving his information at the same time. This classic problem has received much...