Similar Search Results

Cripps, Martin - 2007

Consider two agents who learn the value of an unknown parameter by observing a sequence of private signals. The signals are independent and identically distributed across time but not necessarily across agents. We show that that when each agent's signal space is finite, the agents will commonly...

Persistent link: https://www.econbiz.de/10012776664

Common Learning

Cripps, Martin - 2006

Consider two agents who learn the value of an unknown parameter by observing a sequence of private signals. The signals are independent and identically distributed across time but not necessarily agents. Does it follow that the agents will commonly learn its value, i.e., that the true value of...

Persistent link: https://www.econbiz.de/10012779487

Dynamic Random Utility

Frick, Mira - 2017

Under dynamic random utility, an agent (or population of agents) solves a dynamic decision problem subject to evolving private information. We analyze the fully general and non-parametric model, axiomatically characterizing the implied dynamic stochastic choice behavior. A key new feature...

Persistent link: https://www.econbiz.de/10012953649

Dynamic Random Utility

Frick, Mira - 2018

We provide an axiomatic analysis of dynamic random utility, characterizing the stochastic choice behavior of agents who solve dynamic decision problems by maximizing some stochastic process (U_t) of utilities. We show ﬁrst that even when (U_t) is arbitrary, dynamic random utility imposes new...

Persistent link: https://www.econbiz.de/10012908509

Wages and Informality in Developing Countries

Meghir, Costas - 2012

sector, as well as set wages. Workers engage in both off the job and on the job search. We estimate the model using Brazilian …

Persistent link: https://www.econbiz.de/10013101150

Mismatch, Sorting and Wage Dynamics

Lise, Jeremy - 2013

We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact … wage determination and employment which extends the current literature on equilibrium wage determination with matching and … productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility …

Persistent link: https://www.econbiz.de/10013088486