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doi: 10.2139/ssrn.320763
This paper analyzes the problem of matching heterogenous agents in a Bayesian learning model. One agent gives a noisy signal to another agent, who is responsible for learning. If production has a strong informational component, a phase of cross-matching occurs, so that agents of low knowledge catch up with those of higher one. It is shown that (i) a greater informational component in production makes cross-matching more likely; (ii) as the new technology is mastered, production becomes relatively more physical and less informational; (iii) a greater dispersion of the ability to learn and transfer information makes self-matching more likely; and (iv) self-matching leads to more self-matching, whereas croos-matching can make less productive agents overtake more productive ones.
diffusion of information, Diffusion of information, Bayesian learning, matching, assortative mating, bayesian learning, matching, assortative mating, Microeconomics, Economía, jel: jel:J24, jel: jel:J12, jel: jel:D83, jel: jel:C11, jel: jel:J41
diffusion of information, Diffusion of information, Bayesian learning, matching, assortative mating, bayesian learning, matching, assortative mating, Microeconomics, Economía, jel: jel:J24, jel: jel:J12, jel: jel:D83, jel: jel:C11, jel: jel:J41
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