| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Dynamic Quotas with Learning
|
| Autores: |
Karp, Larry S.
Costello, Christopher
|
| Data: |
2008-05-07
|
| Ano: |
2000
|
| Palavras-chave: |
Quotas
Asymmetric information
Searching
International Relations/Trade
D83
L50
|
| Resumo: |
We study the optimal quota sequence, in a stationary environment, where a regulator and a non-strategic firm have asymmetric information, The regulator is able to learn about the unknown cost parameter by using a quota that is slack with positive probability, It is never optimal for the regulator to learn gradually, In the first period, he either ignores the possibility of learning, or he tries to improve his information, Regardless of the outcome in the first period, he never experiments in subsequent periods.
|
| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
|
| Identificador: |
29616
http://purl.umn.edu/6245
|
| Relação: |
University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Paper
914
|
| Formato: |
18
|
|
