Learning-by-doing, organizational forgetting, and industry dynamics’, Econometrica forthcoming
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Learning-by-Doing, Organizational Forgetting, and Industry Dynamics
Learning-by-doing and organizational forgetting have been shown to be important in a variety of industrial settings. This paper provides a general model of dynamic competition that accounts for these economic fundamentals and shows how they shape industry structure and dynamics. Previously obtained results regarding the dominance properties of firms’ pricing behavior no longer hold in this more...
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متن کاملLearning-by-Doing, Organizational Forgetting, and Industry Dynamics – Online Appendix –
E(et+1|e0) = E(et|e0)− E(∆(et)|e0). ∗Kellogg School of Management, Northwestern University, Evanston, IL 60208, [email protected]. †Department of Economics, Harvard University, Cambridge, MA 02138, [email protected]. ‡Department of Economics, Northwestern University, Evanston, IL 60208, [email protected]. §Kellogg School of Management, Northwestern University, Evans...
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