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We develop a model in which a worker's skills determine the worker's current wage and sector. Both the market and the worker are initially uncertain about some of the worker's skills. Endogenous wage changes and sector mobility occur as labor-market participants learn about these unobserved...
Persistent link: https://www.econbiz.de/10005100568
Criteria for initiation of highly active antiretroviral treatments (HAART) in HIV-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...
Persistent link: https://www.econbiz.de/10005100610
however, behavior becomes at odds with both subgame perfection and fairness. Evidence of learning is detected for both … proposers and receivers in the estimation of a structural reinforcement learning model. The estimation results suggest that …
Persistent link: https://www.econbiz.de/10005100867
games learning fails to converge to any equilibrium, either in terms of marginal frequencies or of average play. Subjects … equilibrium of one game is predicted to be stable under learning, the other unstable, provided payoffs are sufficiently high. We …
Persistent link: https://www.econbiz.de/10005101118
bargaining outcomes. It develops and tests Kuhn and Gu (1999) s model of learning in sequential wage negotiations, by means of …
Persistent link: https://www.econbiz.de/10005169010
, job rank assignments based on comparative advantage and learning about workers' abilities, is implemented empirically to … direct evidence of learning about workers' unobserved abilities but the analysis reveals that unmeasured ability is an …
Persistent link: https://www.econbiz.de/10005417566
In this paper, we set the basis for learning a multitype assets portfolio management technique relying on no … learning criterion, the Sharpe ratio. Dans cet article, nous jetons les bases pour l'apprentissage d'une stratégie de gestion d …
Persistent link: https://www.econbiz.de/10005417585
Internet use by insurance firms for online sales of their products and services has been the topic of many analyses …-called "lag"" experienced by the insurance industry as far as electronic commerce is concerned. Some analysts explain this ""lag …"" by the fear of Insurance companies to create distribution channel conflicts, to the extent that online sales could be …
Persistent link: https://www.econbiz.de/10005100451
Legislation, regulation and security codes but also the activities of the fire department contribute to the reduction of the number of fires and the associated damage. But all these instruments are expensive. The CIRANO was contracted to perform an exploratory economic analysis of the activities...
Persistent link: https://www.econbiz.de/10005100485
In a theoretical model, we analyze the effects of various kinds of demand- and supply-side incentives in the context of a model in which patients and doctors must decide not only on an aggregate quantity of health services to use in treating various kinds of illness, but also have a choice...
Persistent link: https://www.econbiz.de/10005100661