This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes … optimal policy on these parameters is discontinuous. One regime is characterised by extreme experimentation and good tracking … of the prevailing demand curve, the other by moderate experimentation and poor tracking. Moreover, in the latter regime …

This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes … optimal policy on these parameters is discontinuous. One regime is characterised by extreme experimentation and good tracking … of the prevailing demand curve, the other by moderate experimentation and poor tracking. Moreover, in the latter regime …

We analyze continuous-time games of strategic experimentation with two-armedbandits when there is no discounting. We …

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of …

can communicate via cheap talk, the socially optimal symmetric experimentation profile can be supported as a perfect …

We analyze a two-player game of strategic experimentation with two-armed bandits. Each player has to decide in …

We study a game of strategic experimentation with two-armed bandits where the risky arm distributes lump-sum payoffs … continuation values at sufficiently optimistic beliefs yet take turns playing the risky arm before all experimentation stops. Owing …

We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider …

We study a game of strategic experimentation with two-armed bandits where the risky arm distributes lump-sum payoffs …, asymmetric equilibria in which players take turns playing the risky arm before all experimentation stops Pareto dominate the … where players experiment, but may reduce the intensity of experimentation at more optimistic beliefs. This suggests that …

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of …