This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers … results in the literature, both in terms of speed of convergence and parsimony of the learning model. The learning model … exhibits several appealing features: it is frugal, easy to apply to a range of learning objectives, requires few procedures and …

'adaptation, alliant imitation et innovation, pour déterminer les prix sur le marché des biens. Par une série de simulations, on observe l …

selection dynamics to analyze this case. Vriend (2000) proposes using a genetic algorithm for studying learning dynamics in this … game and obtains convergence to Cournot equilibrium with individual learning. The resulting convergence has been questioned … are behind these contradictory results and underlines the specific role of the spite effect. We show why social learning …

learning (imitation), and (updated) memory in helping firms to discover more collusive market configurations than those of the …This article analyses the possibility of firms learning collusive solutions in a Cournot quantity game. Starting from …

estimates the consumer's surplus of Internet's connection for France in 2005. Second, our paper challenges the initial … hypothesis take into account the concavity of the demand function of Internet and the second adds more realistic non …-monetary variables. We also make some differentiation between Internet adoption and access frequency patterns using Heckman's (1976 …

Given the increasingly prominent role the Internet plays in people's daily life, understanding its influence on … individual well-being is crucial. Internet use yields direct utility and economic returns that may increase life satisfaction …. But the Internet might also have detrimental effects (e.g. addiction, social isolation). This paper aims to examine the …

This article examines the role of Internet based labour market intermediaries in coordinating job seeker …. A comparative analysis of job offers posted on the Internet with those posted in newspapers shows that search engine …