(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. …

firm must transfer a large part of the surplus to the inactive firm in order to limit pre-emption. Learning; Pre …

. -- Asymmetric Information ; Adverse Selection ; Learning ; Health Insurance …

domain. Such asymmetric learning may help explain documented empirical patterns regarding the differential role of poor vs …

Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation … the principal, privately learns the profitability over time and communicates to the principal. We formulate learning … delegation as a dynamic mechanism design problem and characterize the optimal delegation scheme. We show that private learning …

This paper studies the role of observational learning in search markets where buyers do not take the list price as a …