We examine how agents learn when information from original sources only reaches them after noisy relay. In the presence of random mutation of message content and transmission failures, there is a sharp threshold such that a receiver fully learns if and only if they have access to more chains...

Inventory management relies on the economic order quantity (EOQ) and newsvendor models. While the newsvendor model has received much attention in the field of behavioral operations management (BOM), the EOQ problem remains largely untouched. This study presents one of the first empirical...

Modern marketplaces offer channels through which past consumers can convey information to future consumers. This interaction between social learning and price com- petition gives rise to a rich set of dynamics. We give a tight characterization of limit social beliefs and derive various...

Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...

The standard measures of intergenerational mobility in economic literature do not account for risk. The estimates of relative and absolute mobility are usually based on the conditional mean function for children's life outcomes given parent's economic status. The existing literature largely...

This article explores the places and local social relations in small cities as the setting and context for adult learning. By referencing social capital theory and the concept of informal learning spaces, we discuss empirical examples that illustrate the mutual influences of the local...

The COVID-19 pandemic acted as an “accelerant” in many aspects of social life, in that it sped up existing social trends rather than fostering entirely new behaviors. This has been particularly evident in relation to technology use. We examine intergenerational technology guidance—how...

I investigate how employers react to uncertainties about the productivity of workers and use information strategically to set wages. I study the implications of these choices on the decisions of workers and employers to terminate or pursue job relationships. I account for asymmetries in...

Spectrum auctions in the United Kingdom have been mostly successful in achieving their objectives, suggesting that potential lessons can be learned for auctions elsewhere, given the mixed picture worldwide of positive and negative experiences. Good auction design benefits from learning both...