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through learning-by-doing. We first show that predation-like behavior arises routinely in our model. Equilibria involving … pricing from mere competition for efficiency on a learning curve we next decompose the equilibrium pricing condition. Our …
Persistent link: https://www.econbiz.de/10009385767
This paper explores the equilibrium correspondence of a dynamic quality ladder model with entry and exit using the homotopy method. The homotopy method facilitates exploring the equilibrium correspondence in a systematic fashion; it is ideally suited for investigating the economic phenomena that...
Persistent link: https://www.econbiz.de/10008558580
This paper provides a step-by-step guide to solving dynamic stochastic games using the homotopy method. The homotopy method facilitates exploring the equilibrium correspondence in a systematic fashion; it is especially useful in games that have multiple equilibria. We discuss the theory of the...
Persistent link: https://www.econbiz.de/10005123933
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 …
Persistent link: https://www.econbiz.de/10005498156