, leverage, and asset prices larger than predicted under either rational expectations without learning or with learning but …

record. We also find investors face endogeneity that limits their learning about returns to scale and allows prolonged …

internal labor markets, research and teaching performance turn out to be crucial determinants of promotion dynamics. Learning …

This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and …. The evidence suggests that learning about wineries is an important determinant of the positive age effects on FOB prices … but also that learning takes considerably long time. Policy implications are discussed. …

The paper evaluates the performance of three popular monetary policy rules when the central bank is learning about the … level targeting performs best under learning and maintains the advantages of conducting policy under commitment. These …

policy-makers' preferences, and rely on a perpetual learning technology to form expectations. We find that with learning … from those implied by rational expectations, even at long horizons. The presence of learning increases the sensitivity of … the policy-maker. In contrast, under learning, private inflation expectations follow a time-varying process and provide …

. More importantly, the evidence shows that there exist important learning effects that induce tariff switching in order to …

convincing explanation for clusters of firms than heterogeneous entry costs. The evidence supports the role of learning even … learning mechanism are confirmed by the data. …