organizational culture fosters the process of learning and competence building and works as a glue between people and the … organization they belong to. We employ a most recently developed approach belonging to market process theory, the so …-called 'competence-based theory of the firm', to explain these causal relationships. …

active learning possibilities has effects on the optimal interest rate rule followed by the central bank.For a wide range of …

We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an … American workers). The type of data that we use also generates information on the value of learning and on whether and how the … the increases in the firm?s value from learning about its workers? behavior and to infer the extent of biases in estimated …

learning and control, variants of which have been studied in the past, but little with forward-looking variables which are a … key component of modern policy-relevant models. As in most Bayesian learning problems, the optimal policy typically … good approximation to the BOP. We provide a simple example to illustrate the role of learning and experimentation in an …

common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. …

certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games … beliefs supported by observed play in the recent past, in line with much of the literature on learning. These processes …

agent, which we take it as learning. In this non-cooperative setting we provide complete characterization of both Nash …

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 …