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Learning-by-doing and organizational forgetting have been shown to be important in a variety of industrial settings … behaviour no longer hold in this more general setting. We show that organizational forgetting does not simply negate learning …-by-doing. Rather, learning-by-doing and organizational forgetting are distinct economic forces. In particular, a model with both …
Persistent link: https://www.econbiz.de/10005498156
real exchange rate uncertainty, and may thus reduce investment and learning in the secondary sector and hence also growth …
Persistent link: https://www.econbiz.de/10005662170
When learning-by-doing is at the origin of growth, we show that growth rates should be negatively related to the … does not hold for non-industrialized countries, however, for which learning-by-doing may not to be the main engine of …
Persistent link: https://www.econbiz.de/10005789125
problem. The dynamic structure of the problem emanates either from an exhaustible resource or from a learning … resource case, while they keep rising in the learning-by-doing case. Subsidies are higher in the learning-by-doing case than …
Persistent link: https://www.econbiz.de/10005136635
We analyse the consumption strategy of a dynamically inconsistent individual for goods that provide an immediate benefit and a delayed cost. The agent has incomplete information on the cost inherent to each unit of consumption and partially learns this value anytime he consumes. We show that, by...
Persistent link: https://www.econbiz.de/10005504250
An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy...
Persistent link: https://www.econbiz.de/10005504330
. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …
Persistent link: https://www.econbiz.de/10005504449
Economists traditionally tackle normative problems by computing optimal policy, ie the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I call...
Persistent link: https://www.econbiz.de/10005504617
This paper investigates whether different systems of financial market organization influence the way in which newly created stock markets become more (weak-form) efficient. The author conducts a detailed comparative analysis of stocks listed on the Budapest and Warsaw Stock Exchanges, 1991-98,...
Persistent link: https://www.econbiz.de/10005497754
convincing explanation for clusters of firms than heterogeneous entry costs. The evidence supports the role of learning even … learning mechanism are confirmed by the data. …
Persistent link: https://www.econbiz.de/10005497788