. -- Asymmetric Information ; Adverse Selection ; Learning ; Health Insurance …

the presence of learning by policyholders about their risk type, such a coverage-accident correlation exists only for …

subsidy to labour and a simultaneous tax on entrepreneurs to curb excessive entry, with learning a subsidy-only policy can be …-increasing faster learning. …

(2010). My model allows for an analysis of the effects of firm learning on labor market efficiency in the presence of search … frictions. I find that firm learning increases relative expected earnings in high-ability jobs and, thereby, enhances imitation … priori. Numerical results show that firm learning does not increase labor market efficiency. …

technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full … commitment available to the principal, we show that whether learning effects are over- or under-exploited crucially depends on … whether learning effects increase or decrease the principal’s uncertainty about agents’ costs of production. Hence, what …

We analyze a social learning model where the agents' utility depends not only on an unknown common component but also … on an unknown idiosyncratic component. Each agent splits a learning budget between the two components. We characterize … the optimal learning decisions and find necessary and sufficient conditions for complete learning. As agents learn from …