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Experimentation, full revelation, and the monotone likelihood ratio property

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  • Rauh, Michael T.
  • Seccia, Giulio

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  • Rauh, Michael T. & Seccia, Giulio, 2005. "Experimentation, full revelation, and the monotone likelihood ratio property," Journal of Economic Behavior & Organization, Elsevier, vol. 56(2), pages 239-262, February.
    • Handle: RePEc:eee:jeborg:v:56:y:2005:i:2:p:239-262
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    References listed on IDEAS

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    1. 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.
    2. Trefler, Daniel, 1993. "The Ignorant Monopolist: Optimal Learning with Endogenous Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(3), pages 565-581, August.
    3. Mirman, Leonard J & Samuelson, Larry & Urbano, Amparo, 1993. "Monopoly Experimentation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(3), pages 549-563, August.
    4. Godfrey Keller & Sven Rady, 1999. "Optimal Experimentation in a Changing Environment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(3), pages 475-507.
    5. Kiefer, Nicholas M., 1989. "A value function arising in the economics of information," Journal of Economic Dynamics and Control, Elsevier, vol. 13(2), pages 201-223, April.
    6. Creane, Anthony, 1994. "Experimentation with Heteroskedastic Noise," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(2), pages 275-286, March.
    7. Prescott, Edward C, 1972. "The Multi-Period Control Problem Under Uncertainty," Econometrica, Econometric Society, vol. 40(6), pages 1043-1058, November.
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    Cited by:

    1. Michael T. Rauh & Giulio Seccia, 2006. "Anxiety And Performance: An Endogenous Learning-By-Doing Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(2), pages 583-609, May.

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