Detail Monopoly Experimentation   Oleh:  Mirman, Leonard J. ; Samuelson, Larry ; Urbano, Amparo Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 3 (1993), page 549-564. Topik: monopoly; monopoly; experimentation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We examine a monopoly facing an uncertain demand and maximizing profits over a two - period horizon. Conditions are developed under which the firm will find it optimal to "experiment," or adjust initial prices or quantities away from their myopically optimal level in order to increase the informativeness of observed market outcomes and hence increase future profits. We establish conditions under which experimentation will lead a quantity - setting firm to increase or decrease quantity. Finally, we develop conditions under which experimenting firms will choose to be either price - setters or quantity - setters. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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