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achieved without any communication. The reason is that receivers fail to optimally translate the information received in their …
Persistent link: https://www.econbiz.de/10010734891
Innovation support measures in the EU are mostly designed to support product innovation in RD intensive sectors. To increase the still considerable contribution to regional employment and competitiveness from SMEs in traditional manufacturing industries a broader innovation policy mix is more...
Persistent link: https://www.econbiz.de/10010779341
is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of …
Persistent link: https://www.econbiz.de/10005051053
Incentive contracts must typically be based on performance measures that do not exactly match agents’ true contribution to principals’ objectives. Such misalignment may impose difficulties for effective incentive design. We analyze to what extent implicit dynamic incentives such as career...
Persistent link: https://www.econbiz.de/10009003671
converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … response, it is an equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium …) ensure the emergence of communication networks that lead to asymptotic learning. Our result shows that societies with too …
Persistent link: https://www.econbiz.de/10011684965
Persistent link: https://www.econbiz.de/10010867985
This study tests whether the Hirshleifer–Riley (HR) model predicts the values of information sources for a future hospital admission. The main testable prediction of that model concerns the values of information sources for those who intend to choose the same hospital again and those who...
Persistent link: https://www.econbiz.de/10010988669
Persistent link: https://www.econbiz.de/10014314150
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10012926326
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10011801379