This paper studies how an information mechanism that labels defectors can sustain cooperative behavior in communities containing a subset of short-run players. This is done in the context of a repeated Prisoner's Dilemma game. The paper presents sufficient conditions for a sustainable...

Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same information about worker ability as the incumbent firm. I...

Experimental analyses have identified significant tendencies for individuals to follow herd decisions, a finding which has been explained using Bayesian principles. This paper outlines the results from a herding task designed to extend these analyses using evidence from a functional magnetic...

In this paper, the political dilemma of the deployment of a large-size low carbon technology (LCT) is analyzed. A simple dynamic model is developed to analyze the interrelation between irreversible investments and learning-by-doing within a context of exogenous uncertainty on carbon price....

The hard time the Romanian companies encounter has challenged the managers to pay high attention on the rapid recuperation of their expenditures, thus falling to include the communication positive influence over final results. Communication is a fundamental component, an attitude and an...

From the historical point of view, every modality of creating the economic value is based on a certain type of scientific and technical knowledge, which is favoured by certain "environments of learning and knowledge". The leaps in productivity are caused by radical mutations in matters of...

The information and communication led to the formation of human society, which explains the strong relationship between society and information. From the applied informatics point of view, the ratio between data and information, as first level, offers the possibility of obtaining knowledge from...

We analyze a model in which agents make investments and then match into pairs to create a surplus. The agents can make transfers to reallocate their pretransfer ownership claims on the surplus. Mailath, Postlewaite, and Samuelson (2013) showed that when investments are unobservable, equilibrium...

In the context of global economy a dominant role of knowledge is the importance of human resources in the process of innovation and value creation. This paper aims to address Romania’s competitiveness in the context of global change mitigation by analyzing the counties competitiveness and...