Colombo, Luca; Labrecciosa, Paola - In: Journal of Evolutionary Economics 22 (2012) 5, pp. 1009-1027
We propose an infinite-horizon quantity-setting differential game with learning spillovers and organizational … through which knowledge is acquired: (i) passive learning, or learning-by-doing, where managers do not actively invest in … information and (ii) active learning, or learning-by-investing, where managers acquire new and additional information through …