2012
DOI: 10.1007/s10588-012-9143-9
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Parametric interdependence, learning-by-doing, and industrial structure

Abstract: We explore the proposition that parametric interdependence makes learning-by-doing a nondeterministic, path-dependent process. The implications of our model challenge two conventional beliefs about the relationships between industrial structure, spillovers, and learning-by-doing. First, we challenge the belief that the monopolistic industrial structure always maximizes learning-by-doing gains when there are no spillovers. Second, we challenge the belief that increasing spillovers unambiguously increases welfar… Show more

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Cited by 2 publications
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