Two-Sided Learning and the Ratchet Principle
I study a class of continuous-time games of learning and imperfect monitoring. A long-run player and a market share a common prior about the initial value of a Gaussian hidden state, and learn about its subsequent values by observing a noisy public signal. The long-run player can nevertheless contro...
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| Format: | Article |
| Language: | English |
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Oxford University Press (OUP)
2019
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| Online Access: | https://hdl.handle.net/1721.1/122362 |