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, learning through experimentation, or a preference for variety. The analysis uncovers the key tradeoffs that platforms face in …
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We consider a platform in which multiple sellers offer their products for sale over a time horizon of T periods. Each seller sets its own price. The platform collects a fraction of the sales revenue and provides price-setting incentives to the sellers to maximize its own revenue. The demand for...
Persistent link: https://www.econbiz.de/10013223822
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates … the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our … in experimentation and a failure to activate self-regulation mechanisms. …
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and endogenous crashes. Our model provides a theory of the origins of disagreement: individuals disagree about both …
Persistent link: https://www.econbiz.de/10011756731
the degree of experimentation is decreasing in the safe value of resource use. Non-cooperative agents can take advantage … regime shift induces the first-best. If the status-quo is not sufficiently valuable, experimentation will be inefficiently …
Persistent link: https://www.econbiz.de/10011298741
We test if firms statistically discriminate workers based on race when employer learning is asymmetric. Using data from … the NLSY79, we find evidence of asymmetric employer learning. In addition, employers statistically discriminate against …
Persistent link: https://www.econbiz.de/10012225675
interactions between them. We illustrate the ability of Machine Learning (ML) methods (Regression Trees, Random Forests and …
Persistent link: https://www.econbiz.de/10011687086