Experimentation and Optimal Output Decisions: The Cooperative Versus the Entrepreneurial Firm
比较了创业企业和合作企业在需求不确定时,通过调整产出进行实验的倾向,发现两者对高产出(可能更具信息价值)选项都不特别感兴趣。
This paper studies and contrasts the experimental inclinations of entrepreneurial and cooperative firms supplying a perishable good under uncertain demand, when larger stocks might yield additional information about the demand-generating process. While these firms might react differently, and in the case of the cooperative not unambiguously, to environmental change, neither variant will find the higher output—possibly more informative—option especially attractive.