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Rational Learning and Bounded Learning in the Diffusion of Policy Innovations

Covadonga Meseguer · 2006 · Rationality and Society

Summary. Countries adopt policy innovations by learning from neighbors and successful examples, not through purely rational analysis. The paper shows that bounded learning and rational learning produce identical results when information gathering carries real costs. This reconciles two competing theories and explains how policy innovations spread across developing nations, particularly regarding trade liberalization decisions.

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Meseguer, C.. (2006). Rational Learning and Bounded Learning in the Diffusion of Policy Innovations. Rationality and Society. https://doi.org/10.1177/1043463106060152

Details

DOI
10.1177/1043463106060152
Countries
Spain
Regions
Europe
Categories
policy, innovation-theory, general-innovation
Added
2026-04-28