endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly … preclude heterogeneous welfare relevant learning decisions. …

(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. …

psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …

psychology of learning, and work from social scientists on learning. The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars. Learning also is the key to understanding how …

consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning … learning incentives diverge, we show that it will be optimal to temporarily increase the tax rate beyond net marginal external … damages to induce optimal learning, before reducing the tax rate to the steady-state level. Alternatively, one needs to …

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

Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This …