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at which players achieve approximate common knowledge of the state coincides with the slowest player’s speed of …
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We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning. Under a symmetric signal structure, forward-looking agents behave myopically for any degrees of patience. Myopic equilibrium is unique in the class of symmetric threshold...
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Recent extensions to the knowledge spillover theory of entrepreneurship (KSTE) show that the successful … commercialization of new knowledge by incumbents depends on their absorptive capacities. For policy-makers focusing on increasing … incumbents' innovative performance, the systematic reduction of knowledge filter through improved absorptive capacities thus …
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We study behavior in repeated interactions when agents have no information about the structure of the underlying game and they cannot observe other agents' actions or payoffs. Theory shows that even when players have no such information, simple payoff-based learning rules eventually lead to...
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This paper builds a dynamic model of the information flow between partially informed financial institutions and a public agency. The financial institutions decide how to allocate their portfolio between a risk-free technology with a known payoff and a risky technology whose payoff is unknown....
Persistent link: https://www.econbiz.de/10013108339
in stages so that organizations can use the knowledge gained from earlier stages to decide the next step. Previous … studies usually assume that once some uncertainty is resolved, it becomes common knowledge within the investing organization …. We develop a game-theoretical model to study how different parties within an organization gain and transfer knowledge …
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