(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. …

This paper analyses the effect of firm learning on labor market efficiency in a frictional labor market with asymmetric … unknown to firms at the hiring stage. Firm learning increases relative expected earnings in high-ability jobs and, thereby … indeterminate a priori. Numerical results show that firm learning does not increase labor market efficiency. …

We study a sequential social learning model where agents privately acquire information by costly search. Search costs … of agents are private to them, and are independently and identically distributed. We show that asymptotic learning occurs … if and only if search costs are not bounded away from zero. We explicitly characterize the speed of learning for the case …

, shifting the demand curve outward and raising profits. Because learning changes consumers’ expectations, tracking the number of … presence of learning when search costs are low, yet it is the unique equilibrium outcome if tracking is feasible …

This paper studies the role of observational learning in search markets where buyers do not take the list price as a …

two new attributes is found. The search paths emerging from this policy match recent evidence of consumer learning through …

; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …

, learning through experimentation, or a preference for variety. The analysis uncovers the key tradeoffs that platforms face in …