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Persistent link: https://www.econbiz.de/10012599768
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013034169
market. We propose a simple learning model where agents can invest in the acquisition of financial knowledge. Differential …
Persistent link: https://www.econbiz.de/10013118132
to either learn from him (if children act as teachers then adults' cost of learning the skill falls) or lean on him (if … children's human capital substitutes for that of adults in household production then adults' benefit of learning the skill … also of adults living in the same household ("learning" outweighs "leaning"). Conversely, the 1998 introduction of English …
Persistent link: https://www.econbiz.de/10013122221
Recent medical research shows that health is highly influential for learning and the ability to think laterally …; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas …
Persistent link: https://www.econbiz.de/10013099411
asset, his peers may also want to purchase it, both because they learn from his choice ("social learning") and because his …
Persistent link: https://www.econbiz.de/10013103518
voting and social learning, we illustrate that sequential elections place too much weight on the preferences and information …
Persistent link: https://www.econbiz.de/10013106663
learning between the first and the nth attempt while controlling for selection into retaking in terms of observed and … unobserved characteristics. We find large learning gains measured in terms of improvements in the exam scores, especially among …
Persistent link: https://www.econbiz.de/10013072580
This paper presents the first experimental evidence on the effects of live versus internet media of instruction. Students in a large introductory microeconomics course at a major research university were randomly assigned to live lectures versus watching these same lectures in an internet...
Persistent link: https://www.econbiz.de/10013038759