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Dynamic Learning in Strategic Pricing Games
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Dynamic Learning in Strategic Pricing Games
CityU NewsCentre
20 Dec 2016
A renowned scholar in operations management delivered a distinguished lecture held by the Institute for Advanced Study at City University of Hong Kong on 15 December. In the monopoly pricing situation, firms optimally vary prices to learn that demand and variation must be sufficiently high to ensure complete asymptotic learning, according to Professor Birge.