Experimentation and learning with networks effects

Arthur Fishman, Neil Gandal*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper considers learning in an competitive setting. By allowing an opponent a 'head start', unsuccessful unilateral experimentation may jeopardize future sales and profits. We show that even in the absence of spillover and signalling effects, competition can inhibit the scope of learning, relative to a monopoly.

Original languageEnglish
Pages (from-to)103-108
Number of pages6
JournalEconomics Letters
Volume44
Issue number1-2
DOIs
StatePublished - 1994

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