The paper studies a learning model in which information about a worker's ability can be acquired symmetrically by the … tasks, provide a sufficiently accurate measure of ability. We then examine the strategic effects of the dynamics of learning … on a worker's career profile. We prove, in particular, that price competition among firms causes ex ante inefficient …

market information, the investor can revise her beliefs about the true value of the mean return, which induces optimal … can update her beliefs more quickly which in turn can lead to larger changes in her optimal consumption and portfolio …

methodology to distinguish between these two explanations. The methodology rests on the learning-by-doing and the changes in the …

In this paper we experimentally investigate decentralized, organizational learning. The main objective is to understand … how learning members of an organization cope with the confounding effects of the simultaneous learning of others. We use … versions of a simple "success-or-failure" game due to Blume and Franco [2003] as our stylized model of organizational learning …

of infrastructure choice based upon consumer preferences derived from spatial competition models. The transport cost … in which only the direct effect is present and then bring in the indirect effect by extending the analysis to competition … that in less developed countries competition enhancing policies are a key prerequisite for public support of infrastructure …

This paper presents a participation game experiment to study the impact of uncertainty and costly political …

theoretical model of competition between two candidates who differ both in ability and popularity in a probabilistic voting setup …