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Pathological Outcomes of Observational Learning

Article Abstract:

This paper researches how Bayes-rational individuals learn sequentially from the discrete actions of others. It is studied that we exploit the Markov-martingale character of beliefs to verify that our identified limit outcomes do arise.

Author: Smith, Lones, Sorensen, Peter

Publisher: Blackwell Publishers Ltd.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 2000

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Mechanism Design with Collusion and Correlation

Article Abstract:

This paper proves a weak-collusion-proof principle according to which there is no restriction for the principal in offering weak-collusion-proof mechanisms.

Author: Laffont, Jean-Jacques, Martimort, David

Publisher: Blackwell Publishers Ltd.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 2000

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Subjects list: Research, United States, Economics, Economic research

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