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for behavioral observational learning in social networks. We show that a seller could potentially control the information … available to future customers and induce behavioral observational learning by using an information-revealing pricing strategy … networks. It could prevent the behavioral observational learning that would increase future customers' willingness to pay …
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induced by the retailer's learning policy, we first make a connection to non-stationary online learning by following the … notion of variation budget. The variation budget quantifies the impact of the retailer's learning strategy on the supplier … critically, does not require the supplier to have any prior knowledge about the retailer's learning policy or the demand …
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money. Agents' learning evolves from private experiences and we explore how the formation of prices interacts with learning …. We show that multiple equilibria arise, and equilibria with price dispersion entail more learning than equilibria with …
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