This paper aims to understand some of the mechanisms which dominate the phenomenon of knowledge diffusion in the process that is called ‘interactive learning’. We examine how knowledge spreads in a network in which agents have ‘face-to-face’ learning interactions. We...

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of education is no longer an individual exercise of present...

Empirical evidence shows a growing absolute gap between rich and poor people throughout the world. Such growing income differences are the outcome of significant inequalities of opportunities. In this paper we focus on the opportunities provided (or denied) to access knowledge embedded in new...