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Learning and Technology Adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10010427566
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Learning and technology adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10003951879
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Optimal Experimentation in a Changing Environment
Keller, Godfrey; Rady, Sven - EconWPA - 1998
This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximises profits over an infinite horizon in continuous time. We show that there are two qualitatively very different regimes, determined by the discount rate and the...
Persistent link: https://www.econbiz.de/10005118645
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Self-confidence and survival
Bar-Isaac, Heski - London School of Economics (LSE) - 2001
We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...
Persistent link: https://www.econbiz.de/10010746467
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Learning buyers' valuation distribution in posted-price selling
Wang, Ruqu; Chen, Yongmin - In: Economic Theory 14 (1999) 2, pp. 417-428
A dynamic pricing model is studied where a seller of an asset faces a sequence of potential buyers whose valuation distribution is unknown to the seller. The seller learns more about the distribution in the selling process and becomes less optimistic as the object remains unsold. We characterize...
Persistent link: https://www.econbiz.de/10005596687
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Investment in a Monopoly With Bayesian Learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011
We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …
Persistent link: https://www.econbiz.de/10014068523
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Experimental evidence on dynamic pollution tax policies
Vossler, Christian A.; Suter, Jordan F.; Poe, Gregory L. - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 101-115
This paper uses laboratory experiments to provide primary empirical evidence on dynamic pollution tax policies. In particular, we investigate a setting where a regulator with incomplete information uses a pollution tax mechanism with a simple, endogenous tax rate adjustment rule to...
Persistent link: https://www.econbiz.de/10010702927
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The optimal carbon sequestration in agricultural soils : does the dynamics of the physical process matter ?.
Ragot, Lionel; Schubert, Katheline - Maison des Sciences Économiques, Université Paris 1 … - 2006
The Kyoto Protocol, which came in force in February 2005, allows countries to resort to "supplementary activities" consisting particularly in carbon sequestration in agricultural soils. Existing papers studying the optimal carbon sequestration recognize the importance of the temporality of...
Persistent link: https://www.econbiz.de/10005510634
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011944924
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011757523