This paper develops and tests a model that explains entry into serial entrepreneurship and the performance of serial entrepreneurs as the result of selection on innate ability. The model supposes that agents establish businesses with imperfect information about their entrepreneurial ability and...

This paper produces new estimates of the rate of organizational forgetting in the well-known case study of US wartime ship production. I show that estimation is easily colored by problems of unobserved product heterogeneity and sensitivity to specification of the learning curve. Using data...

This paper reviews the theoretical and empirical literature on learning by doing. Many of the distinctive theoretical implications of learning by doing have been derived under the assumption that the cost-quantity relationships observed in numerous empirical studies are largely the result of...