much to invest in information acquisition and then engage in dynamic price competition. In equilibrium firms acquire too …

We look at the problem of pricing in a duopoly with observational learning. Prior literature shows that when the number …

consumer learning. Thus, we find an information-based difference between Cournot and Bertrand competition: in the Bertrand … setting consumer learning increases the competition, i.e. products are more likely to be substitutes, and it weakens it in the …, also Bayesianisch lernen. Im Cournot Wettbewerb mit lernenden Konsumenten ist es wahrscheinlicher, dass Firmen in …

periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …