interactions, players who make their choices fast and intuitively, relying on social heuristics, choose stag more often than other … Heuristics Hypothesis (Rand et al., 2012) applied to stag hunt interactions. …

of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills … selection policies. -- skill formation ; human capital ; selection ; heterogeneity ; age effects ; training ; education …

We provide a new explanation for why firms pay for general training in a competitive labor market. If firms are unable … to tailor individual wages to ability, for informational or institutional reasons, they will pay for general training in … order to attract better quality workers. The market provision of training may well exceed the first best level. Our …

Workers will not pay for general on-the-job training if contracts are not enforceable. Firms may if there are mobility … elsewhere. Their new employers then receive external benefits from their training. In this paper, training firms increase …