Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … been introduced in policy models of energy and global warming economics to make the process of technological change … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous …

a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general … wasteful to tie up funds in the other inputs which will be underutilized until the date learning is over. We provide evidence …

years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly … consumers. On balance, our results also seem to support the relevance of theories of occupational licensing that stress the …

informational advantage over consumers in selecting arbitrators, resulting in industry-friendly arbitration outcomes. We then … arbitrators without the input of firms and consumers would increase consumer awards by $40,000 on average, relative to the current … mechanism for the benefit of consumers hinges on whether consumers are informed. Policies such as increasing arbitrator …

-functioning marketplace, suggest that prospect theory adequately organizes behavior among inexperienced consumers, whereas consumers with … learning primarily occurs on the sell side of the market: agents with intense market experience are more willing to part with …

Consumers solve many agency problems, by pointing out when they believe that agents have made mistakes. This paper … considers the role that consumers play in inducing efficient behavior by agents. I distinguish between two case: those where … consumers have similar preferences to the principal, and those where consumer preferences diverge from those of the principal …

and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and …We study the effects of consumer information on equlibrium market prices and observable product quality in the market … observable characteristics of care. To understand the effects of information provision in markets like child care, we examine the …

In this paper we investigate whether sellers treat consumers differently on the basis of how well-informed consumers …. We show that sellers alter their initial price quotes depending on whether consumers appear to be well …