Robert S. Gazzale

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As online markets for the exchange of goods and services become more common, the study of markets composed at least in part of autonomous agents has taken on increasing importance. In contrast to traditional complete-information economic scenarios, agents that are operating in an electronic marketplace often do so under considerable uncertainty. In order to(More)
Digital information goods potentially provide information producers with a new set of strategies, or price schedules, for offering these goods to a consumer population. If consumer preferences are known, then a producer can choose from the available schedules according to the profits they are able to extract. However, if the population is not known, then a(More)
Information goods can be reconfigured at low cost. Therefore, firms can choose how to differentiate their products at a frequency comparable to price changes. However, doing so effectively is complicated by uncertainty about customer preferences, compounded by the fact that the search for a good product niche is carried out in competition with other(More)
Digital information economies require information goods producers to learn how to position themselves within a potentially vast product space. Further, the topography of this space is often nonstation-ary, due to the interactive dynamics of multiple producers changing their position as they try to learn the distribution of consumer preferences and other(More)
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