pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer …

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with …

. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it …

learning process begins. Tracking this market as it evolved through time, we demonstrate that firms do learn to set more … markets are initially better-informed, and that learning is faster for products with more precise sales information. Our … both firm learning and heterogeneous firm capabilities …

for behavioral observational learning in social networks. We show that a seller could potentially control the information … available to future customers and induce behavioral observational learning by using an information-revealing pricing strategy … networks. It could prevent the behavioral observational learning that would increase future customers' willingness to pay …

induced by the retailer's learning policy, we first make a connection to non-stationary online learning by following the … notion of variation budget. The variation budget quantifies the impact of the retailer's learning strategy on the supplier … critically, does not require the supplier to have any prior knowledge about the retailer's learning policy or the demand …

consumer learning and inertia through a simple yet flexible structural model of demand. For simplicity, I limit the consumer … learning and inertia processes to only be affected by actual purchases. As a practical example, I estimate this model using … optimal prices in scenarios with different parameters for consumer learning or inertia. These counterfactuals reveal that, for …

social-learning model by introducing strategic dynamic pricing. We provide necessary and sufficient conditions for asymptotic … learning. In contrast to previous results, we show that asymptotic learning can occur when signals are bounded, namely, happens …