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Consider a ride sharing platform, and a large population of strategic potential drivers, heterogeneous in terms of their reservation wages (i.e., income goals). Drivers choose whether or not to work for the platform. The platform is assumed knowledgeable of the different drivers' reservation...
Persistent link: https://www.econbiz.de/10014086964
A monopolist offers a product to a market of consumers with heterogeneous quality preferences. Although initially uninformed about the product quality, they learn by observing past purchase decisions and reviews of other consumers. Our goal is to analyze the social learning mechanism and its...
Persistent link: https://www.econbiz.de/10010584157