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...

Florian Dorn und Clemens Fuest, ifo Institut, stellen die Frage nach einer ökonomischen Begründung für das „Next-Generation-EU“-Programm. Eine direkte Wirkung des NGEU-Programms für die wirtschaftliche Stabilisierung in der aktuellen Krise sehen sie eher als begrenzt an. Vielmehr scheine...

We study a gig economy platform's problem of finding optimal compensation schemes when faced with workers who myopically base their participation decisions on limited information with respect to their earnings. The stylized model we consider captures two key, related features absent from prior...