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A simple approach to identifying the incentives for policy experimentation
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UNSPECIFIED (2005) A simple approach to identifying the incentives for policy experimentation. ECONOMICS LETTERS, 86 (2). pp. 167-172. doi:10.1016/j.econlet.2004.07.009 ISSN 0165-1765.
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Official URL: http://dx.doi.org/10.1016/j.econlet.2004.07.009
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. (C) 2004 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | ECONOMICS LETTERS | ||||
Publisher: | ELSEVIER SCIENCE SA | ||||
ISSN: | 0165-1765 | ||||
Official Date: | February 2005 | ||||
Dates: |
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Volume: | 86 | ||||
Number: | 2 | ||||
Number of Pages: | 6 | ||||
Page Range: | pp. 167-172 | ||||
DOI: | 10.1016/j.econlet.2004.07.009 | ||||
Publication Status: | Published |
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