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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

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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:
DateEvent
February 2005UNSPECIFIED
Volume: 86
Number: 2
Number of Pages: 6
Page Range: pp. 167-172
DOI: 10.1016/j.econlet.2004.07.009
Publication Status: Published

Data sourced from Thomson Reuters' Web of Knowledge

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