Growth under uncertainty with experimentation
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sanford J. Grossman & Richard E. Kihlstrom & Leonard J. Mirman, 1977. "A Bayesian Approach to the Production of Information and Learning By Doing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 533-547.
- Mirman Leonard J. & Samuelson Larry & Schlee Edward E., 1994.
"Strategic Information Manipulation in Duopolies,"
Journal of Economic Theory, Elsevier, vol. 62(2), pages 363-384, April.
- Mirman, L.J. & Samuelson, L. & Schlee, E.E., 1991. "Strategic information manipulation in duopolies," Discussion Paper 1991-37, Tilburg University, Center for Economic Research.
- Mirman, L.J. & Samuelson, L. & Schlee, E.E., 1992. "Strategic Information Manipulation in Duopolies," Working papers 9210, Wisconsin Madison - Social Systems.
- Mirman, L.J. & Samuelson, L. & Schlee, E.E., 1991. "Strategic information manipulation in duopolies," Other publications TiSEM 3f31a6ed-d70f-4388-8a98-9, Tilburg University, School of Economics and Management.
- Mirman, L.J. & Samuelson, L. & Schlee, E.E., 1991. "Strategic Information Manupulation in Duopolies," Papers 9137, Tilburg - Center for Economic Research.
- Sulganik, Eyal & Zilcha, Itzhak, 1997.
"The value of information: The case of signal-dependent opportunity sets,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(10), pages 1615-1625, August.
- Sulganik,E. & Zilcha,I., 1996. "The value of Information: the Case of Signal-Dependent Opportunity Sets," Papers 1-96, Tel Aviv.
- Sulganik, Eyal & Zilcha, Itzhak, 1996. "The Value of Information: The Case of Signal-Dependent Opportunity Sets," Foerder Institute for Economic Research Working Papers 275613, Tel-Aviv University > Foerder Institute for Economic Research.
- Zeira, Joseph, 1987. "Investment as a Process of Search," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 204-210, February.
- William A. Brock & Leonard J. Mirman, 2001.
"Optimal Economic Growth And Uncertainty: The Discounted Case,"
Chapters, in: W. D. Dechert (ed.), Growth Theory, Nonlinear Dynamics and Economic Modelling, chapter 1, pages 3-37,
Edward Elgar Publishing.
- Brock, William A. & Mirman, Leonard J., 1972. "Optimal economic growth and uncertainty: The discounted case," Journal of Economic Theory, Elsevier, vol. 4(3), pages 479-513, June.
- Bertocchi, Graziella & Spagat, Michael, 1997. "Structural uncertainty and subsidy removal for economies in transition," European Economic Review, Elsevier, vol. 41(9), pages 1709-1733, December.
- El-Gamal, Mahmoud A. & Sundaram, Rangarajan K., 1993.
"Bayesian economists ... Bayesian agents : An alternative approach to optimal learning,"
Journal of Economic Dynamics and Control, Elsevier, vol. 17(3), pages 355-383, May.
- El-Gamal, Mahmoud A. & Sundaram, Rangarajan K., 1989. "Bayesian Economist ... Bayesian Agents I: An Alternative Approach to Optimal Learning," Working Papers 705, California Institute of Technology, Division of the Humanities and Social Sciences.
- Freixas, Xavier, 1981. "Optimal growth with experimentation," Journal of Economic Theory, Elsevier, vol. 24(2), pages 296-309, April.
- Andrew Caplin & John Leahy, 1993. "Sectoral Shocks, Learning, and Aggregate Fluctuations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(4), pages 777-794.
- Rafael Rob, 1991. "Learning and Capacity Expansion under Demand Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(4), pages 655-675.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Isaac Baley & Laura Veldkamp, 2021.
"Bayesian learning,"
Economics Working Papers
1797, Department of Economics and Business, Universitat Pompeu Fabra.
- Laura Veldkamp & Isaac Baley, 2021. "Bayesian Learning," Working Papers 1287, Barcelona School of Economics.
- Isaac Baley & Laura Veldkamp, 2021. "Bayesian Learning," NBER Working Papers 29338, National Bureau of Economic Research, Inc.
- Baley, Isaac & Veldkamp, Laura, 2021. "Bayesian Learning," CEPR Discussion Papers 16377, C.E.P.R. Discussion Papers.
- Cunha-e-Sa, Maria A. & Santos, Vasco, 2008. "Experimentation with accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 470-496, February.
- In Chang Hwang & Richard S.J. Tol & Marjan W. Hofkes, 2013. "Active Learning about Climate Change," Working Paper Series 6513, Department of Economics, University of Sussex Business School.
- In Chang Hwang & Richard S. J. Tol & Marjan W. Hofkes, 2019.
"Active Learning and Optimal Climate Policy,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1237-1264, August.
- In Chang Hwang, 2016. "Active learning and optimal climate policy," EcoMod2016 9611, EcoMod.
- Leonard J. Mirman & Kevin Reffett & Marc Santugini, 2016.
"On learning and growth,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(4), pages 641-684, April.
- Leonard J. Mirman & Kevin Reffett & Marc Santugini, 2013. "On Learning and Growth," Cahiers de recherche 1336, CIRPEE.
- Lars J. Olson & Santanu Roy, 2006.
"Theory of Stochastic Optimal Economic Growth,"
Springer Books, in: Rose-Anne Dana & Cuong Le Van & Tapan Mitra & Kazuo Nishimura (ed.), Handbook on Optimal Growth 1, chapter 11, pages 297-335,
Springer.
- Olson, Lars J. & Roy, Santanu, 2005. "Theory of Stochastic Optimal Economic Growth," Working Papers 28601, University of Maryland, Department of Agricultural and Resource Economics.
- Leonard J. Mirman & Marc Santugini, 2012. "Learning and Technology Progress in Dynamic Games," Cahiers de recherche 1217, CIRPEE.
- Koulovatianos, Christos & Mirman, Leonard J. & Santugini, Marc, 2009.
"Optimal growth and uncertainty: Learning,"
Journal of Economic Theory, Elsevier, vol. 144(1), pages 280-295, January.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2007. "Optimal Growth and Uncertainty: Learning," Cahiers de recherche 07-05, HEC Montréal, Institut d'économie appliquée, revised Feb 2008.
- Christos Koulovatianos, & Leonard J. Mirman & Marc Santugini, 2008. "Optimal Growth and Uncertainty: Learning," Discussion Papers 08/08, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Maria Antonieta Cunha-e-Sa & Vasco Santos, 2007. "Experimentation with accumulation," Nova SBE Working Paper Series wp503, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Hilde Patron, 2005. "Temporary Acceleration of Inflation: What Can a Central Bank Learn from It?," Southern Economic Journal, John Wiley & Sons, vol. 71(4), pages 737-751, April.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2006.
"Investment in a Monopoly with Bayesian Learning,"
Vienna Economics Papers
vie0603, University of Vienna, Department of Economics.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2011. "Investment in a Monopoly with Bayesian Learning," Cahiers de recherche 11-05, HEC Montréal, Institut d'économie appliquée.
- Barbosa, António, 2019. "Optimal Learning, Overvaluation and Overinvestment," MPRA Paper 97411, University Library of Munich, Germany.
- Tim Willems, 2017.
"Actively Learning by Pricing: A Model of an Experimenting Seller,"
Economic Journal, Royal Economic Society, vol. 127(604), pages 2216-2239, September.
- Tim Willems, 2013. "Actively Learning by Pricing: A Model of an Experimenting Seller," Economics Series Working Papers 687, University of Oxford, Department of Economics.
- Johnson, Timothy C., 2007. "Optimal learning and new technology bubbles," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2486-2511, November.
- Leonard Mirman & Marc Santugini, 2014. "Learning and Technological Progress in Dynamic Games," Dynamic Games and Applications, Springer, vol. 4(1), pages 58-72, March.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2006.
"Investment in a Monopoly with Bayesian Learning,"
Vienna Economics Papers
0603, University of Vienna, Department of Economics.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2011. "Investment in a Monopoly with Bayesian Learning," Cahiers de recherche 11-05, HEC Montréal, Institut d'économie appliquée.
- Kohei Kawaguchi, 2021. "When Will Workers Follow an Algorithm? A Field Experiment with a Retail Business," Management Science, INFORMS, vol. 67(3), pages 1670-1695, March.
- Fu, Wentao & Le Riche, Antoine, 2021. "Endogenous growth model with Bayesian learning and technology selection," Mathematical Social Sciences, Elsevier, vol. 114(C), pages 58-71.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Koulovatianos, Christos & Mirman, Leonard J. & Santugini, Marc, 2009.
"Optimal growth and uncertainty: Learning,"
Journal of Economic Theory, Elsevier, vol. 144(1), pages 280-295, January.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2007. "Optimal Growth and Uncertainty: Learning," Cahiers de recherche 07-05, HEC Montréal, Institut d'économie appliquée, revised Feb 2008.
- Christos Koulovatianos, & Leonard J. Mirman & Marc Santugini, 2008. "Optimal Growth and Uncertainty: Learning," Discussion Papers 08/08, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Nyarko, Yaw & Olson, Lars J., 1996.
"Optimal growth with unobservable resources and learning,"
Journal of Economic Behavior & Organization, Elsevier, vol. 29(3), pages 465-491, May.
- Nyarko, Yaw & Olson, Lars J., 1991. "Optimal Growth with Unobservable Resources and Learning," Working Papers 91-01, C.V. Starr Center for Applied Economics, New York University.
- Fishman, Arthur & Rob, Rafael, 1998.
"Experimentation and Competition,"
Journal of Economic Theory, Elsevier, vol. 78(2), pages 299-320, February.
- Arthur Fishman & Rafael Rob, "undated". ""Experimentation and Competition''," CARESS Working Papres 97-12, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Arthur Fishman & Rafael Rob, "undated". "Experimentation and Competition," Penn CARESS Working Papers b530e9a0ad08e45aeff62efaf, Penn Economics Department.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2006.
"Investment in a Monopoly with Bayesian Learning,"
Vienna Economics Papers
0603, University of Vienna, Department of Economics.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2011. "Investment in a Monopoly with Bayesian Learning," Cahiers de recherche 11-05, HEC Montréal, Institut d'économie appliquée.
- Bernardo, Antonio & Chowdhry, Bhagwan, 1998. "Resources, real options, and corporate strategy," University of California at Los Angeles, Anderson Graduate School of Management qt2m96n2gw, Anderson Graduate School of Management, UCLA.
- Edward E. Schlee, 2001. "The Value of Information in Efficient Risk-Sharing Arrangements," American Economic Review, American Economic Association, vol. 91(3), pages 509-524, June.
- Joseph Zeira, 2000.
"Informational overshooting, booms and crashes,"
Proceedings, Federal Reserve Bank of San Francisco, issue Apr.
- Zeira, Joseph, 1999. "Informational overshooting, booms, and crashes," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 237-257, February.
- Zeira, Joseph, 1993. "Informational Overshooting, Booms and Crashes," CEPR Discussion Papers 823, C.E.P.R. Discussion Papers.
- Leonard J. Mirman & Kevin Reffett & Marc Santugini, 2016.
"On learning and growth,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(4), pages 641-684, April.
- Leonard J. Mirman & Kevin Reffett & Marc Santugini, 2013. "On Learning and Growth," Cahiers de recherche 1336, CIRPEE.
- Creane, Anthony, 1996. "An informational externality in a competitive market," International Journal of Industrial Organization, Elsevier, vol. 14(3), pages 331-344, May.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2006.
"Investment in a Monopoly with Bayesian Learning,"
Vienna Economics Papers
vie0603, University of Vienna, Department of Economics.
- Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2011. "Investment in a Monopoly with Bayesian Learning," Cahiers de recherche 11-05, HEC Montréal, Institut d'économie appliquée.
- Godfrey Keller & Sven Rady, 1998.
"Market Experimentation in a Dynamic Differentiated-Goods Duopoly,"
Game Theory and Information
9810001, University Library of Munich, Germany, revised 20 Aug 1999.
- Godfrey Keller & Sven Rady, 1999. "Market Experimentation in a Dynamic Differentiated-Goods Duopoly," STICERD - Theoretical Economics Paper Series 369, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Keller, Godfrey & Rady, Sven, 1999. "Market experimentation in a dynamic differentiated-goods duopoly," LSE Research Online Documents on Economics 19346, London School of Economics and Political Science, LSE Library.
- Matthew Doyle, 2010.
"Informational externalities, strategic delay, and optimal investment subsidies,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 43(3), pages 941-966, August.
- Matthew Doyle, 2010. "Informational externalities, strategic delay, and optimal investment subsidies," Canadian Journal of Economics, Canadian Economics Association, vol. 43(3), pages 941-966, August.
- Doyle, Matthew, 2002. "Informational Externalities, Strategic Delay, and the Search for Optimal Policy," Staff General Research Papers Archive 10046, Iowa State University, Department of Economics.
- Bernardo, Antonio E. & Chowdhry, Bhagwan, 2002. "Resources, real options, and corporate strategy," Journal of Financial Economics, Elsevier, vol. 63(2), pages 211-234, February.
- Cujean, Julien & Bustamante, Maria Cecilia & Frésard, Laurent, 2019. "Knowledge Cycles and Corporate Investment," CEPR Discussion Papers 14152, C.E.P.R. Discussion Papers.
- Caballero, Ricardo J., 1999.
"Aggregate investment,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 12, pages 813-862,
Elsevier.
- Ricardo J. Caballero, 1997. "Aggregate Investment," NBER Working Papers 6264, National Bureau of Economic Research, Inc.
- Cabalero, R.J., 1997. "Aggregaete Investment," Working papers 97-20, Massachusetts Institute of Technology (MIT), Department of Economics.
- Yang, Bill Z., 1996. "Learning, reputation and entry deterrence: A chain-store game with correlated entrants," International Journal of Industrial Organization, Elsevier, vol. 14(5), pages 561-573, July.
- Aktas, Nihat & de Bodt, Eric & Roll, Richard, 2005. "Hubris, Learning, and M&A Decisions," University of California at Los Angeles, Anderson Graduate School of Management qt7j94111c, Anderson Graduate School of Management, UCLA.
- Batlome Janjgava & Sergey Slobodyan, 2011. "Duopoly Competition, Escape Dynamics and Non-cooperative Collusion," CERGE-EI Working Papers wp445, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Caplin, Andrew & Leahy, John, 2000.
"Mass layoffs and unemployment,"
Journal of Monetary Economics, Elsevier, vol. 46(1), pages 121-142, August.
- Caplin, A. & Leahy, J., 1993. "Mass Layoffs and Unemployment," Harvard Institute of Economic Research Working Papers 1666, Harvard - Institute of Economic Research.
- Andrew Caplin & John Leahy, 1994. "Mass Layoffs and Unemployment," NBER Working Papers 4766, National Bureau of Economic Research, Inc.
- Creane, Anthony, 1995. "The value to a firm of its rival learning," Economics Letters, Elsevier, vol. 49(2), pages 171-174, August.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:dyncon:v:23:y:1998:i:2:p:209-231. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jedc .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.