demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed …

facing the demand by customers, and that their products are perishable. Experimental studies have documented that individuals …

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …