underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …, also only if) in the induced communication network most agents are a short distance away from "information hubs", which … equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium behavior with a socially …

how network structure influences information aggregation. We develop a model of semi-Bayesian learning on networks, which …-village patterns of learning relate to different network structures, which we show are borne out in the data. We apply our findings to …

We study the relationship between decentralization of R&D, innovation and firm performance using a novel dataset on the …

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …

network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different … firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in …