This paper develops a property rights perspective on the nature of the firm. The basic idea is that learning by doing … learning by doing in production is accelerated by specialization in production. However, specialization introduces greater …

This paper inquires how the concept of the "learning economy" can be applied to the requirements of developing … countries. The main purpose is to develop an analytical framework to better understand how learning and capability formation can … conditions developing countries can use this set of generic technologies to improve their learning capabilities. We argue that …

The article departs from an understanding of organizational learning as processes that code historical events into … structure, highly educated employees, and a management style in which management aims at creating conditions for learning and …

. Basically we assume that some cumulative firms adopt an internal learning by searching strategy, while noncumulative firms adopt … an external learning strategy aiming at absorbing external sources of knowledge. The results show that the co …

This paper introduces adaptive learning and endogenous indexation in the New-Keynesian Phillips curve and studies … adaptive learning lowers the cost of disinflation. This reduction can be exploited by a gradual approach to disinflation. Firms …

the help of econometric models. Agents use least squares learning to estimate two competing models of which one is … consistent with rational expectations once learning is complete. When past performance governs the choice of forecast model …

policymakers, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the …

learning and control, variants of which have been studied in the past, but little with forward-looking variables which are a … key component of modern policy-relevant models. As in most Bayesian learning problems, the optimal policy typically … good approximation to the BOP. We provide a simple example to illustrate the role of learning and experimentation in an …