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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
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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 | ||||
|---|---|---|---|---|---|
| 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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