Over time, inspection agencies gather information about firms that cause harmful externalities. This information may … certain circumstances, mimicking, or even the threat of mimicking, might reduce socially harmful activities and thus be …

endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly … preclude heterogeneous welfare relevant learning decisions. …

observe any news to mimic high types by quitting strategically. In equilibrium, there is a mimicking phase of time when low …

(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. …

taking an (irreversible) action. We define \textit{asymptotic learning} as the fraction of agents taking the correct action … converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … ``information hubs'', which receive and distribute a large amount of information. Asymptotic learning therefore requires information …

preventative approaches towards undeclared work. The aim of this learning resource is to document for each preventative approach …