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

We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … anticipative learning induces a decrease in total emissions, but not necessarily in individual emissions. Further, the effect of …

We embed learning (without experimentation) in optimal growth. We extend the Mirman-Zilcha results of stochastic … optimal growth to the learning case. We use recursive methods to study the effect of learning on the dynamic program by …

We address the issue of risk aversion in a competitive equilibrium when some buyers engage in learning and information … is conveyed through the price system. Specifically, since the learning process yields uncertainty, we study the effect of …

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. …

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 …

, 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 …

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 …