Experimentation and Optimal Output Decisions: The Cooperative Versus the Entrepreneurial Firm

Patrick Thompson and Ira Horowitz
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Patrick Thompson: Department of Decision and Information Sciences, College of Business Administration, University of Florida, Gainesville, Florida 32611
Ira Horowitz: Department of Decision and Information Sciences, College of Business Administration, University of Florida, Gainesville, Florida 32611

Management Science, 1993, vol. 39, issue 1, 46-53

Abstract: 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.

Keywords: news vendor; experimentation; cooperative firm (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:39:y:1993:i:1:p:46-53

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