Article ID Journal Published Year Pages File Type
9549366 Economics Letters 2005 6 Pages PDF
Abstract
We present a simple concavity condition that describes the incentives for a policy maker to pursue policy experiments. Our approach avoids the computational cost of numerical methods that fully characterise optimal experimentation under learning.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A simple approach to identifying the incentives for policy experimentation
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