represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …

social learning. Within social learning, we also seek to differentiate between learning about existence of the new product … from learning about its quality or usefulness. We find robust evidence suggestive of social learning both for the existence …

We survey work using Bayesian learning in macroeconomics, highlighting common themes and new directions. First, we … present many of the common types of learning problems agents face---signal extraction problems---and trace out their effects … information. Models differ in their motives for information acquisition and the cost of information, or learning technology …

triggers large asset-price jumps. We show that the learning choice is critically determined by preference parameters and the …

We survey the recent literature on learning in financial markets. Our main theme is that many financial market … uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …

This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete knowledge … series is captured, unlike in standard models. Inherited from real business cycle theory, the benchmark model suffers a …

a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general … wasteful to tie up funds in the other inputs which will be underutilized until the date learning is over. We provide evidence …

, endogenous learning here eliminates that effect …