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We investigate intertemporal strategic interactions if monopolies,cartels or oligopolies benefit from firm internal as well as external learning by doing. Our analysis is carried out for a linear learningcost curve because, it allows the derivation of the linear Markov perfectequilibrium (LMPE)....
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This paper focuses on the dynamic aspects of individual behavior affected by its social embedding, either at large (society-wide norms or averages) or at a local neighborhood. The emphasis is on how initial conditions can affect the long run outcome and to derive, discuss and apply the...
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