Experimentation in Markets
نویسندگان
چکیده
منابع مشابه
Experimentation in Financial Markets
I this paper, we use a unique data set on the Italian interdealer bond market to empirically estimate the process of strategic experimentation. The results show how the information generated in the process of interdealer trading affects the incentive to experiment. Upon receipt of an order, dealers deliberately engage in trade with other dealers either to exploit the information contained in th...
متن کاملExperimentation in Two-Sided Markets
We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its pro t stream in a continuous-time in nite-horizon framework by setting participation fees or quantities on both sides. We show that a price-setting platf...
متن کاملFirm Experimentation in New Markets
An important feature of the data on new exporters is the evolution over time of their export size and exit rate. As the exporting age of firms increases, their average export volumes grow and the exit rate decreases. In particular, we observe cases of new exporters expanding slowly initially, and switching to high levels of exports after some time. I propose a quantitative model of active learn...
متن کاملExploratory Experimentation and Computation 1. Exploratory Experimentation
I believe our research community is facing a great challenge to re-evaluate the role of proof in light of the growing power of current computer systems, of modern mathematical computing packages, and of the growing capacity to data-mine on the Internet. Add to that the enormous complexity of many modern capstone results such as the Poincaré conjecture, Fermat's last theorem, and the Classificat...
متن کاملStrategic Experimentation in Networks
This paper examines experimentation and innovation when experimental results diffuse along social links. This public-goods nature of experimentation is a feature of many areas of economics, such as consumer choice, research and development, and agriculture. The paper asks: How do different patterns of social and geographic links affect experimentation? Who experiments and who free rides? Do mor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Economic Studies
سال: 2000
ISSN: 0034-6527,1467-937X
DOI: 10.1111/1467-937x.00128