The Econometric SocietyEdited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: May, 2025, Volume 93, Issue 3
https://doi.org/10.3982/ECTA22351
p. 1073-1104
Nicolò Cesa‐Bianchi|Roberto Colomboni|Maximilian Kasy
We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation.
Nicolò Cesa-Bianchi, Roberto Colomboni, and Maximilian Kasy
This supplement contains material not found within the manuscript.
Nicolò Cesa-Bianchi, Roberto Colomboni, and Maximilian Kasy
The replication package for this paper is available at https://doi.org/10.5281/zenodo.15042114. The Journal checked the data and codes included in the package for their ability to reproduce the results in the paper and approved online appendices.
