observed countries. In equilibrium, tax rates are inefficiently low if the value of learning is positive and the pace of … learning increases in the level of tax rates (because higher tax rates trigger larger tax base effects which helps learning … learning). If, due to fiscal externalities, the value of learning is negative, the opposite may be true. From the viewpoint of …

neighbours’ experiences. In contrast to the existing work on policy learning, we focus on learning in the presence of (fiscal …) externalities. We show that, because learning can exacerbate this external-ity, the value of learning can be negative and, thus …, learning may be too fast. Given that variance in tax policies enhances learning, this implies that, in the sequence of Markov …

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

(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. …