(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. …

by the strength of a private learning channel from prices, arising from the multidimensional sources of asymmetric … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to …

learning as a two-armed bandit problem and highlight the interaction between learning (experimentation) and production. We …

-run player's current period action, I propose a resistent to learning condition under which reputation fails. This is because the … payoff. When the environment is not resistent to learning, the patient long-run player can secure his commitment payoff in …

-level dynamic model of observational learning, and applies it to a novel data set from the U.S. kidney market where transplant … learning: patients draw negative quality inferences from earlier refusals in the queue, thus becoming more inclined towards … show that observational learning and information sharing shape consumer choices in markedly different ways. Optimal …

by the strength of a private learning channel from prices, arising from the multidimensional sources of asymmetric … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to …

information is subject to multiplier effects inherent to social learning. We build upon the static case, where all agents receive … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …