A simple approach to identifying the incentives for policy experimentation.
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.
| Κύριοι συγγραφείς: | , |
|---|---|
| Μορφή: | Journal article |
| Γλώσσα: | English |
| Έκδοση: |
Elsevier
2005
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| _version_ | 1826300083320127488 |
|---|---|
| author | Ellison, M Vilmunen, J |
| author_facet | Ellison, M Vilmunen, J |
| author_sort | Ellison, M |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T05:11:45Z |
| format | Journal article |
| id | oxford-uuid:dbcc4a28-4e24-4ce4-9467-accdf721fd7e |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:11:45Z |
| publishDate | 2005 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | oxford-uuid:dbcc4a28-4e24-4ce4-9467-accdf721fd7e2022-03-27T09:13:13ZA simple approach to identifying the incentives for policy experimentation.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:dbcc4a28-4e24-4ce4-9467-accdf721fd7eEnglishDepartment of Economics - ePrintsElsevier2005Ellison, MVilmunen, JWe 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. |
| spellingShingle | Ellison, M Vilmunen, J A simple approach to identifying the incentives for policy experimentation. |
| title | A simple approach to identifying the incentives for policy experimentation. |
| title_full | A simple approach to identifying the incentives for policy experimentation. |
| title_fullStr | A simple approach to identifying the incentives for policy experimentation. |
| title_full_unstemmed | A simple approach to identifying the incentives for policy experimentation. |
| title_short | A simple approach to identifying the incentives for policy experimentation. |
| title_sort | simple approach to identifying the incentives for policy experimentation |
| work_keys_str_mv | AT ellisonm asimpleapproachtoidentifyingtheincentivesforpolicyexperimentation AT vilmunenj asimpleapproachtoidentifyingtheincentivesforpolicyexperimentation AT ellisonm simpleapproachtoidentifyingtheincentivesforpolicyexperimentation AT vilmunenj simpleapproachtoidentifyingtheincentivesforpolicyexperimentation |