Showing 1 - 10 of 221
We study a class of deceptively similar games, which however have different player sets and predictions that vary with their cardinality. The economic, biological, political, and psychological applications are many. The game-theoretic principles involved are compelling as predictions rely on...
Persistent link: https://www.econbiz.de/10011584868
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to events that were previously unforeseeable or unforeseen. Recent theoretical literature has put forth axiomatic frameworks to analyze the unknown. In particular, we test if...
Persistent link: https://www.econbiz.de/10012425568
Access to useful knowledge is crucial for fostering modern economic growth. We show, for the first time, that knowledge …
Persistent link: https://www.econbiz.de/10014534296
inventors. Our results generalize the evidence of previous studies that show how migrant inventors “import” knowledge from their … knowledge across nations. …
Persistent link: https://www.econbiz.de/10012052796
We use machine-learning methods to study the features and origins of the Baconian program, a cultural and methodological paradigm viewed as providing the intellectual roots for modern economic growth. After building a machine-readable corpus of Bacon's works, we estimate a structural topic...
Persistent link: https://www.econbiz.de/10011657164
The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and opportunities that these diasporas could represent for home countries. In addition, the paper discusses policies aimed at leveraging this "diaspora capital".
Persistent link: https://www.econbiz.de/10012179905
Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire rare …
Persistent link: https://www.econbiz.de/10012492968
present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary … headquarters is, on average, about one percent higher in the knowledge intensity scale. I find no evidence of the knowledge …
Persistent link: https://www.econbiz.de/10011887364
We study the effects of two dimensions of teacher quality, subject knowledge and didactic skills, on student learning … individual-level information on student achievement and country-level measures of teacher subject knowledge and didactic skills … knowledge has a large positive effect on student achievement, whereas the effect of didactic skills is comparatively small and …
Persistent link: https://www.econbiz.de/10014082241
driven by knowledge flows that are triggered by emigrants. While skilled migrants are not inventing in their home country … anymore, they contribute to cross-border knowledge and technology diffusion and thus help less advanced countries to catch up …
Persistent link: https://www.econbiz.de/10012892171