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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/10011557869
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/10012307444
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 …
Persistent link: https://www.econbiz.de/10012415623
We incorporate the now standard knowledge-capital model of multinational firms in a new economic geography setting. The …
Persistent link: https://www.econbiz.de/10002749786
' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that only when knowledge … markups, falling labor share and productivity growth. Patents are an important obstacle to knowledge diffusion. We find an …
Persistent link: https://www.econbiz.de/10014383652
accessing useful knowledge by adopting, producing, and diffusing new ideas. Combining location information for the universe of 3 … arose through agglomeration economies and localized knowledge spillovers. To support this claim, we provide evidence … the same society had higher similarity in patenting, suggesting that social networks facilitated spatial knowledge …
Persistent link: https://www.econbiz.de/10013285574
account for this. We estimate the causal effect of teacher subject knowledge on student achievement using within … knowledge ; student achievement ; Peru …
Persistent link: https://www.econbiz.de/10003982015
informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of …
Persistent link: https://www.econbiz.de/10009314546
We study the impact of political knowledge on the attitudes of European citizens towards the possible distribution of … of political knowledge on attitudes we use an instrumental variables approach. The results show that more informed …
Persistent link: https://www.econbiz.de/10009011366
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between … complementarities in the knowledge assets of the MNE and the target firm as a reason for FDI. In contrast, consistent with technology … sourcing FDI, acquisitions from non-leading countries increase internal R&D efforts. -- MNE ; knowledge production function …
Persistent link: https://www.econbiz.de/10009503803