English, Article, Journal or magazine article edition: Informational Matching Silvio Rendón

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Bookmark: http://trove.nla.gov.au/version/154098
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • INFORMATIONAL MATCHING
Author
  • Silvio Rendón
Physical Description
  • preprint
Notes
  • This paper analyzes the problem of matching heterogeneous 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 cross-matching can make less productive agents overtake more productive ones.
  • Diffusion of information, Bayesian learning, matching, assortative mating
  • RePEc:upf:upfgen:619
  • 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.
  • RePEc:cte:werepe:we022105
Language
  • English
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