The Role of Information in Competitive Experimentation

Ufuk Akcigit, Qingmin Liu

NBER Working Paper No. 17602
Issued in November 2011

---- Acknowledgements -----

The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. We are grateful to Daron Acemoglu and Andrzej Skrzypacz for their invaluable comments and suggestions. We also thank Alessandro Bonatti, Kalyan Chatterjee, Benjamin Golub, Christopher Harris, Hugo Hopenhayn, Johannes Horner, Matthew Jackson, Nicolas Klein, Dirk Krueger, Antonio Merlo, Matthew Mitchell, Andrew Postlewaite, Joel Sobel, Francesco Squintani, and the participants at the AEA 2011 winter meeting and the 2011 NSF/CEME Decentralization Conference for helpful discussions. We thank Francesc Dilme and Zehao Hu for excellent research assistance. The usual disclaimer applies. Akcigit gratefully acknowledges the financial support of NBER Innovation Policy Research Grant. The online appendix can be found at http://www.sas.upenn.edu/~uakcigit/web/Research.html

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