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technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full … commitment available to the principal, we show that whether learning effects are over- or under-exploited crucially depends on … whether learning effects increase or decrease the principal’s uncertainty about agents’ costs of production. Hence, what …
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This paper explores the opportunities for integrating Initiative Based Learning (IBL) and Integrated Assessment Models … (IAMs) in order to improve our understanding of learning in the context of societal transition pathways, and more … learning in a very different way, and the two approaches have major structural differences with respect to the geographical as …
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We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
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