Deng, Shanglyu; Jia, Dun; Leccese, Mario; Sweeting, Andrew - National Bureau of Economic Research - 2024
Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists … "learning-by-doing and forgetting" model of Besanko, Doraszelski, Kryukov, and Satterthwaite (2010) to allow for Nash …