Besanko, David; Doraszelski, Ulrich; Kryukov, Yaroslav; … - C.E.P.R. Discussion Papers - 2007
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 …