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Learning and Technology Adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10010427566
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Learning and technology adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10003951879
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Investment in a Monopoly With Bayesian Learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011
We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …
Persistent link: https://www.econbiz.de/10014068523
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011757523
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011944924
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An evolutionary view of the infant-industry argument
Sercovich, Francisco C.; Teubal, Morris - In: Technology analysis & strategic management 25 (2013) 7, pp. 799-815
Persistent link: https://www.econbiz.de/10010194284
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Wages and Productivity Growth in a Dynamic Monopoly
Bester, Helmut; Petrakis, Emmanuel
This paper studies the intertemporal problem of a monopolistic firm that engages in productivity enhancing innovations to reduce its labor costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches the rate of wage growth and eventually the firm reaches a...
Persistent link: https://www.econbiz.de/10005626250
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From Mind to Market: A Global, Dynamic Analysis of R&D
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2011
Existing models of R&D are not easily reconciled with four observable aspects of R&D: initial technologies ('ideas') need to be developed further, only a minority of initial ideas is successfully brought to the market, production and process innovations take place simultaneously (whereby,...
Persistent link: https://www.econbiz.de/10010326184
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Experimentation in Two-Sided Markets
Peitz, Martin; Rady, Sven; Trepper, Piers - 2011
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10010334036
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Experimentation in Two-Sided Markets
Peitz, Martin; Rady, Sven; Trepper, Piers - 2015
optimal level. This interplay between learning and surplus extraction is crucial to the market outcome and its dynamics. …
Persistent link: https://www.econbiz.de/10010531813