to analyze the social learning mechanism and its effect on the seller's pricing decision. This analysis borrows from the … literature on social learning and on pricing and revenue management. Consumers follow a naive decision rule and, under some … conditions, eventually learn the product's quality. Using mean-field approximation, the dynamics of this learning process are …

to analyze the social learning mechanism and its effect on the seller's pricing decision. Consumers follow an intuitive … non-Bayesian decision rule and, under some conditions, eventually learn the product's quality. We show how the learning … of this learning process, its dependence on the price, and the market heterogeneity with respect to quality preferences …

reduction in required transaction costs: learning, reputation building and platform policy. I show that all three are likely …

. The ratings data of Netflix is used to fit a structural Bayesian learning model. This model links revealed experience …