We study learning in perfect competition. A representative price-taking firm sells a good whose quality is unknown to … the price, which, in turn, affects the competitive equilibrium through the learning process of the uninformed buyers. …

observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the …

substantially simplify the inference problem and increase the speed of learning on the part of the agents. However, under certain …

how policy choices affect learning of the true model of the economy when the policymaker’s model is mis-specified. We ask … the impact of exogenous shocks and of adopting an optimal monetary policy on the speed of learning. Slow learning can … neither real-time learning by the policymaker or the private sector, nor the adoption of an optimal policy, affect the speed …

We introduce learning in a Brock-Mirman environment and study the effect of risk generated by the planner's econometric … activity on optimal consumption and investment. Here, learning introduces two sources of risk about future payoffs: structural … uncertainty and uncertainty from the anticipation of learning. The latter renders control and learning nonseparable. We present …

, 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 …

effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …

We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in … assumption of adaptive learning) is generally intractable, we characterize the unique symmetric Bayesian-learning recursive … limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …

this paper, we study the identification of moral hazard from adverse selection and learning within the context of a multi …-period dynamic model. We extend the model of Abbring et al. (2003) to include learning and insurance coverage choice over time. We … 15 years). Policyholders with less than 5 years of experience have a combination of learning and moral hazard, whereas no …