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.

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí:	Ellison, M, Vilmunen, J
Formáid:	Journal article
Teanga:	English
Foilsithe / Cruthaithe:	Elsevier 2005

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