by the strength of a private learning channel from prices, arising from the multidimensional sources of asymmetric … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to …

informed to uninformed firms, moderates asymmetric incentives in information acquisition and renders the aggregate learning … outcome approximately acyclical. Our results challenge the prevailing view of procyclical learning as the source of asymmetric …

distinguish between these two shocks and, under incomplete learning, private perceptions of the inflation target will not equal …

learning from prices. It turns out that the properties of the function which describes the costs that are associated with the …

subsidy to labour and a simultaneous tax on entrepreneurs to curb excessive entry, with learning a subsidy-only policy can be …-increasing faster learning. …

This paper analyses the effect of firm learning on labor market efficiency in a frictional labor market with asymmetric … unknown to firms at the hiring stage. Firm learning increases relative expected earnings in high-ability jobs and, thereby … indeterminate a priori. Numerical results show that firm learning does not increase labor market efficiency. …

(2010). My model allows for an analysis of the effects of firm learning on labor market efficiency in the presence of search … frictions. I find that firm learning increases relative expected earnings in high-ability jobs and, thereby, enhances imitation … priori. Numerical results show that firm learning does not increase labor market efficiency. …