We present a diagrammatic and step-by-step analysis of price signaling quality. Because quality is a continuum on the … equilibrium. We first study the behavior of the monopoly when price conveys information about quality. We then show the effect of …

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

(through discriminatory pricing) is offset by the cost signaling quality through two distinct prices, then it is optimal to … observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the … buyers provides the firm with the incentive to engage in noisy price signaling. Indeed, if the benefit from price flexibility …

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

quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck … could induce her to stop selling. When she knows her quality, a good seller never stops selling. Furthermore, a seller with …

This chapter provides a survey of the recent work on learning in the context of macroeconomics. Learning has several … roles. First, it provides a boundedly rational model of how rational expectations can be achieved. Secondly, learning acts … as a selection device in models with multiple REE (rational expectations equilibria). Third, the learning dynamics …

The aim of this research is to analyze whether and when ratings are informative signals about the quality of movies …. The ratings data of Netflix is used to fit a structural Bayesian learning model. This model links revealed experience … the quality using ratings as signals. The signal produced by one rating is very noisy and might not be taken into account …

(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. …

equilibrium prices and portfolios are obtained in closed form. Learning from option prices is characterized explicitly in terms of … a novel object, the second derivative of the signal-to-noise ratio, whose sign determines whether particular shapes of … of noise trading. Second, when informed traders have CARA preferences, the nature of equilibrium changes drastically with …