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This chapter reviews the theoretical and empirical literature on learning by doing. Many of the distinctive theoretical implications of learning by doing have been derived under the assumption that the cost–quantity relationships observed in numerous empirical studies are largely the result of...
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which agents receive private information over time. We propose a suitable generalization of the Vickrey …
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In an evolutionary delegation game, we investigate the effects on market outputs of different levels of information … information -- by hiding the current composition of the industry -- then we show how managers' beliefs affect the long run …
Persistent link: https://www.econbiz.de/10013010649
In this paper we analyze the dynamics of an R&D differential game allowing for technological spillovers and sigmoid learning functions of multiproduct oligopolies. We demonstrate how the presence of learning together with spillovers may generate a rich set of outcomes, varying from constant...
Persistent link: https://www.econbiz.de/10012965927
In this paper we analyze the dynamics of an R&D differential game allowing for technological spillovers and sigmoid learning functions of multiproduct oligopolies. We demonstrate how the presence of learning together with spillovers may generate a rich set of outcomes, varying from constant...
Persistent link: https://www.econbiz.de/10011606092
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