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Consumer prices in many markets are persistently dispersed both across retail outlets and over time. While the cross sectional distribution of prices is stable, individual stores change their position in the distribution over time. It is a challenge to model oligopolistic price adjustment to...
Persistent link: https://www.econbiz.de/10010278131
Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical...
Persistent link: https://www.econbiz.de/10014469341
theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …
Persistent link: https://www.econbiz.de/10011789723
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10010317639
learning processes exhibited by players. …
Persistent link: https://www.econbiz.de/10010317676
' beliefs are subject to information friction and Bayesian learning. … high socioeconomic status (SES). We examine the effect of combining increased instruction time with information to teachers …
Persistent link: https://www.econbiz.de/10012141180
theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …
Persistent link: https://www.econbiz.de/10011458677
children. Spillovers to neighboring (untreated) mothers can be through social learning or imitation. Results from a difference … control group. Neighboring mothers exhibit learning spillovers, changes in dietary behavior and a reduction in food … expenditure regardless of their level of literacy. Spillovers not only raise the cost effectiveness of health information programs …
Persistent link: https://www.econbiz.de/10011517730
children. Spillovers to neighboring (untreated) mothers can be through social learning or imitation. Results from a difference … control group. Neighboring mothers exhibit learning spillovers, changes in dietary behavior and a reduction in food … expenditure regardless of their level of literacy. Spillovers not only raise the cost effectiveness of health information programs …
Persistent link: https://www.econbiz.de/10012985678
' beliefs are subject to information friction and Bayesian learning. … high socioeconomic status (SES). We examine the effect of combining increased instruction time with information to teachers …
Persistent link: https://www.econbiz.de/10012063035