Abstract
We analyze the effects on industry structure of non strategic learning-by-doing with spillovers in a differentiated oligopoly à la Bertrand. The dynamics is driven by a non linear learning curve. Conditions for shakeouts are analyzed, focusing on the key factors affecting them. Policy interventions to limit shakeouts are suggested.
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Randon, E., Naimzada, A. Dynamics of the non linear learning curve with spillovers in a differentiated oligopoly: effects on industry structure. J Evol Econ 17, 95–106 (2007). https://doi.org/10.1007/s00191-006-0032-6
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DOI: https://doi.org/10.1007/s00191-006-0032-6