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LEARNING-BY-DOING AND ASYMMETRIC INFORMATION IN A MODEL OF MONOPOLY REGULATION

✍ Scribed by Donald J. Wright


Book ID
110981236
Publisher
John Wiley and Sons
Year
1995
Tongue
English
Weight
803 KB
Volume
47
Category
Article
ISSN
0307-3378

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## Abstract We construct and estimate by maximum likelihood a job search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning‐by‐doing. Al