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.

Bibliografiske detaljer
Main Authors:	Ellison, M, Vilmunen, J
Format:	Journal article
Sprog:	English
Udgivet:	Elsevier 2005

Lignende værker

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