explosion of social media has significantly increased the scope and impact of social learning among consumers. This paper … studies observational learning in networks of friends versus strangers. A consumer decides whether to adopt a product after …-network becomes more effective. Underlying these results are two competing effects of network heterogeneity on social learning …

information is subject to multiplier effects inherent to social learning. We build upon the static case, where all agents receive … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …

information is subject to multipliereffects inherent to social learning. We build upon the static case, where all agents receive a … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …

firm must transfer a large part of the surplus to the inactive firm in order to limit pre-emption. Learning; Pre …