This paper inquires how the concept of the "learning economy" can be applied to the requirements of developing … countries. The main purpose is to develop an analytical framework to better understand how learning and capability formation can … conditions developing countries can use this set of generic technologies to improve their learning capabilities. We argue that …

We introduce learning based on genetic algorithms in a principal-agent model of optimal contracting under moral hazard … explore is to explicitly model the principal's learning process about the agent's preferences and the production technology … learning algorithms lead to convergence to the underlying optimal contract under full rationality as studied by the mechanism …