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Optimal Experimentation in a Changing Environment
Work
Year: 1999
Type: article
Abstract: This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximizes profits over an infinite horizon in continuous time. We show t... more
Source: The Review of Economic Studies
Authors Godfrey Keller, Sven Rady
Institutions London School of Economics and Political Science, Stanford University
Cites: 7
Cited by: 212
Related to: 10
FWCI: 28.13
Citation percentile (by year/subfield): 98.37
Topic: Consumer Market Behavior and Pricing
Subfield: Marketing
Field: Business, Management and Accounting
Domain: Social Sciences
Sustainable Development Goal No poverty
Open Access status: green