Leaving some stones unturned: A reassessment of iterative planning theory
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
- Easley, David & Kiefer, Nicholas M, 1988. "Controlling a Stochastic Process with Unknown Parameters," Econometrica, Econometric Society, vol. 56(5), pages 1045-1064, September.
- John E. Roemer, 1994. "A Future for Socialism," Politics & Society, , vol. 22(4), pages 451-478, December.
- Philippe Aghion & Patrick Bolton & Christopher Harris & Bruno Jullien, 1991.
"Optimal Learning by Experimentation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(4), pages 621-654.
- Aghion, P. & Bolton, P. & Harris, C. & Jullien, B., 1990. "Optimal Learning By Experimentation," DELTA Working Papers 90-10, DELTA (Ecole normale supérieure).
- Aghion Philippe & Bolton, Patrick & Harris Christopher & Jullien Bruno, 1991. "Optimal learning by experimentation," CEPREMAP Working Papers (Couverture Orange) 9104, CEPREMAP.
- Chander, Parkash, 1984. "On material balances when there are capacity limitations," Journal of Comparative Economics, Elsevier, vol. 8(2), pages 159-167, June.
- 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.
- Henry Tulkens, 2006.
"Dynamic Processes for Public Goods: An Institution-Oriented Survey,"
Springer Books, in: Parkash Chander & Jacques Drèze & C. Knox Lovell & Jack Mintz (ed.), Public goods, environmental externalities and fiscal competition, chapter 0, pages 9-48,
Springer.
- Tulkens, Henry, 1978. "Dynamic processes for public goods : An institution-oriented survey," Journal of Public Economics, Elsevier, vol. 9(2), pages 163-201, April.
- TULKENS, Henry, 1978. "Dynamic processes for public goods. An institution-oriented survey," LIDAM Reprints CORE 333, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Martin L. Weitzman, 1977.
"Is the Price System or Rationing More Effective in Getting a Commodity to Those Who Need It Most?,"
Bell Journal of Economics, The RAND Corporation, vol. 8(2), pages 517-524, Autumn.
- M. L. Weitzman, 1974. "Is the Price System or Rationing More Effective in Getting a Commodity to Those Who Need It Most?," Working papers 140, Massachusetts Institute of Technology (MIT), Department of Economics.
- Claude Henry, 1979.
"On the Free Rider Problem in the M.D.P. Procedure,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 293-303.
- HENRY, Claude, 1979. "On the free rider problem in the M.D.P. procedure," LIDAM Reprints CORE 372, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John Roberts, 1979.
"Incentives in Planning Procedures for the Provision of Public Goods,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 283-292.
- John Roberts, 1977. "Incentives in Planning Procedures for the Provision of Public Goods," Discussion Papers 264, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- ROBERTS, John, 1979. "Incentives in planning procedures for the provision of public goods," LIDAM Reprints CORE 371, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jacques Cremer, 1983. "The Discrete Heal Algorithm With Intermediate Goods," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(2), pages 383-391.
- Hurwicz, Leonid, 1973. "The Design of Mechanisms for Resource Allocation," American Economic Review, American Economic Association, vol. 63(2), pages 1-30, May.
- Robert Whitesell, 1990. "Why does the Soviet economy appear to be allocatively efficient?," Europe-Asia Studies, Taylor & Francis Journals, vol. 42(2), pages 259-268.
- Rothschild, Michael, 1974. "A two-armed bandit theory of market pricing," Journal of Economic Theory, Elsevier, vol. 9(2), pages 185-202, October.
- McLennan, Andrew, 1984. "Price dispersion and incomplete learning in the long run," Journal of Economic Dynamics and Control, Elsevier, vol. 7(3), pages 331-347, September.
- Kiefer, Nicholas M & Nyarko, Yaw, 1989. "Optimal Control of an Unknown Linear Process with Learning," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(3), pages 571-586, August.
- Champsaur, Paul & Laroque, Guy, 1982. "Strategic Behavior in Decentralized Planning Procedures," Econometrica, Econometric Society, vol. 50(2), pages 325-344, March.
- E. Malinvaud, 1967. "Decentralized Procedures for Planning," International Economic Association Series, in: E. Malinvaud & M. O. L. Bacharach (ed.), Activity Analysis in the Theory of Growth and Planning, chapter 0, pages 170-208, Palgrave Macmillan.
- Feldman, M, 1991. "On the Generic Nonconvergence of Bayesian Actions and Beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(4), pages 301-321, October.
- Peter Murrell, 1991. "Can Neoclassical Economics Underpin the Reform of Centrally Planned Economies?," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 59-76, Fall.
- van Brabant, Jozef M, 1990. "Socialist Economics: The Disequilibrium School and the Shortage Economy," Journal of Economic Perspectives, American Economic Association, vol. 4(2), pages 157-175, Spring.
- Andrei Shleifer & Robert Vishny, 1992.
"Pervasive Shortages under Socialism,"
RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 237-246, Summer.
- Andrei Shleifer & Robert Vishny, 1991. "Pervasive Shortages Under Socialism," NBER Working Papers 3791, National Bureau of Economic Research, Inc.
- Kuboniwa, Masaaki, 1984. "Stepwise aggregation for material balances," Journal of Comparative Economics, Elsevier, vol. 8(1), pages 41-53, March.
- Sandy Grossman, 2010. "A Bayesian Approach to the Production of Information and Learning by Doing," Levine's Working Paper Archive 230, David K. Levine.
- J. M. Montias, 1962. "On the Consistency and Efficiency of Central Plans," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 280-290.
- E. Malinvaud, 1971. "A Planning Approach to the Public Good Problem," Palgrave Macmillan Books, in: Peter Bohm & Allen V. Kneese (ed.), The Economics of Environment, pages 77-93, Palgrave Macmillan.
- Manove, Michael, 1971. "A Model of Soviet-Type Economic Planning," American Economic Review, American Economic Association, vol. 61(3), pages 390-406, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Kimitoshi Sato, 2012. "Nonmyopia and incentives in the piecewise linearized MDP procedures with variable step-sizes," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 1(1), pages 1-23, December.
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.- 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.
- Wieland, Volker, 2000.
"Learning by doing and the value of optimal experimentation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 24(4), pages 501-534, April.
- Volker W. Wieland, 1996. "Learning by doing and the value of optimal experimentation," Finance and Economics Discussion Series 96-5, Board of Governors of the Federal Reserve System (U.S.).
- 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).
- Klimenko, Mikhail M., 2004. "Industrial targeting, experimentation and long-run specialization," Journal of Development Economics, Elsevier, vol. 73(1), pages 75-105, February.
- 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.
- Kimitoshi Sato, 2012. "Nonmyopia and incentives in the piecewise linearized MDP procedures with variable step-sizes," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 1(1), pages 1-23, December.
- Vives, Xavier, 1997. "Learning from Others: A Welfare Analysis," Games and Economic Behavior, Elsevier, vol. 20(2), pages 177-200, August.
- Bergemann, Dirk & Valimaki, Juuso, 2002.
"Entry and Vertical Differentiation,"
Journal of Economic Theory, Elsevier, vol. 106(1), pages 91-125, September.
- Dirk Bergemann & Juuso Valimaki, 2000. "Entry and Vertical Differentiation," Cowles Foundation Discussion Papers 1277, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Valimaki Juuso, 2001. "Entry and Vertical Differentiation," Cowles Foundation Discussion Papers 1302, Cowles Foundation for Research in Economics, Yale University.
- Umberto Garfagnini & Bruno Strulovici, 2012. "Social Learning and Innovation Cycles (revision of DP#1516, The Dynamics of Innovation)," Discussion Papers 1546, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- 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.
- 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.
- 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.
- Chade, Hector & Schlee, Edward, 2002. "Another Look at the Radner-Stiglitz Nonconcavity in the Value of Information," Journal of Economic Theory, Elsevier, vol. 107(2), pages 421-452, December.
- Chen Yeh & David Argente, 2016. "A Menu Cost Model with Price Experimentation," 2016 Meeting Papers 1515, Society for Economic Dynamics.
- Mason, Robin & Välimäki, Juuso, 2011. "Learning about the arrival of sales," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1699-1711, July.
- Jason Delaney & Sarah Jacobson & Thorsten Moenig, 2020.
"Preference discovery,"
Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 694-715, September.
- Jason Delaney & Sarah Jacobson & Thorsten Moenig, 2017. "Preference Discovery," Department of Economics Working Papers 2017-02, Department of Economics, Williams College, revised Dec 2018.
- Jason Delaney & Sarah Jacobson & Thorsten Moenig, 2019. "Preference Discovery," Department of Economics Working Papers 2019-08, Department of Economics, Williams College, revised Jul 2019.
- Hans M. Amman & Marco Paolo Tucci, 2018. "How active is active learning: value function method vs an approximation method," Department of Economics University of Siena 788, Department of Economics, University of Siena.
- 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.
- Annie Liang & Xiaosheng Mu & Vasilis Syrgkanis, 2019. "Optimal and Myopic Information Acquisition," Working Papers 2019-25, Princeton University. Economics Department..
- Bergemann, Dirk & Valimaki, Juuso, 1996.
"Learning and Strategic Pricing,"
Econometrica, Econometric Society, vol. 64(5), pages 1125-1149, September.
- Dirk Bergemann & Juuso Valimaki, 1996. "Learning and Strategic Pricing," Cowles Foundation Discussion Papers 1113, Cowles Foundation for Research in Economics, Yale University.
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:pubeco:v:58:y:1995:i:1:p:85-105. 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/inca/505578 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.