Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire …

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …

the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …

account for this. We estimate the causal effect of teacher subject knowledge on student achievement using within … knowledge ; student achievement ; Peru …

We study the impact of political knowledge on the attitudes of European citizens towards the possible distribution of … of political knowledge on attitudes we use an instrumental variables approach. The results show that more informed …