We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …

In markets with search frictions, consumers can acquire information about goods either through costly search or from … friends via word-of-mouth (WOM) communication. How do sellers’ market power react to a very large increase in the number of …

-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the … learning is beneficial. If the agent has time-inconsistent preferences, however, she may procrastinate such a learning …), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …

the scale-free behavior as the interaction of Documents, Users and Search engines. The purpose of this paper is to clarify …

A firm’s choices can shape patterns of consumer communication about its product. This paper examines the problem for a … early sales such that communication across the network will reveal its quality following an initial pooling period. The high … communication to reveal type to all other consumers …