Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …

efficacy beliefs regarding others and chance. A first empirical survey-based test produces substantial support for our theory …

Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for … stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can … and should do with respect to the business cycle. On the other hand, whether Keynesian theory has substantially altered …

child’s ability. The model infers that, with enough time spent learning, information can improve parents’ welfare. This can … learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents … investigates college saving behavior when learning is present. Data suggest pessimistic and/or rich parents might reduce the level …

In a simple continuous-time model where the learning process affects the willingness to hold liquidity, we provide an …