observed product proliferation imposes a substantial search cost on investors even though the products are homogenous and their … pricing is well understood. The search cost is estimated to average 1% of the amount invested, the same order of magnitude as …

realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form … differences in the adjustment path to the shocks to the economy when agent form expectations using our learning approach compared …

past two decades has dramatically changed communication practices across the world. This has had profound implications for … human rights on a number of levels. Firstly, communication technologies are presenting new ways to more fully realise our … to monitor and control information and communication flows. However, as well as unleashing tremendous new opportunities …