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Learning by doing in markets, firms, and countries
Lamoreaux, Naomi R. (ed.); Raff, Daniel M. G. (contributor);  … - 1999
Persistent link: https://www.econbiz.de/10000663281
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Learning and Forgetting : The Dynamics of Aircraft Production
Benkard, C. Lanier - 1999
This paper introduces a new cost dataset for a commercial aircraft firm and uses this data to analyze the dynamics of learning in commercial aircraft production. This dataset is found to be inconsistent with the simple learning hypothesis, and particularly the prediction that a firm's unit cost...
Persistent link: https://www.econbiz.de/10012471667
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Learning, Complementarities, and Asynchronous Use of Technology
Jovanovic, Boyan - 1997
This paper deals with processes that require several complementary inputs subject to improvements in quality. If after a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general it will pay to purchase the inputs at different dates --...
Persistent link: https://www.econbiz.de/10012472958
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Directed Attention and Nonparametric Learning
Dew-Becker, Ian - 2017
We study an ambiguity-averse agent with uncertainty about income dynamics who chooses what aspects of the income process to learn about. The agent chooses to learn most about income dynamics at the very lowest frequencies, which have the greatest effect on utility. Deviations of consumption from...
Persistent link: https://www.econbiz.de/10012453797
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Infrastructure and Urban Form
Glaeser, Edward L. - 2020
Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …
Persistent link: https://www.econbiz.de/10012482505
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Scale Economies, Returns to Variety, and the Productivity of Public Infrastructure
Holtz-Eakin, Douglas - 1995
We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The … effect on manufacturing or aggregate output, however, is indeterminate. In particular, our theory suggests that the degree of …
Persistent link: https://www.econbiz.de/10012473575
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Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
Fetter, T. Robert - 2018
In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firms' claims that disclosure...
Persistent link: https://www.econbiz.de/10012481048
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A Note on Detecting Learning by Exporting
De Loecker, Jan - 2010
Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering export markets. Although this mechanism is often mentioned in policy documents, a significant share of econometric studies has not found evidence for this hypothesis. This paper...
Persistent link: https://www.econbiz.de/10012462109
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Learning and the Disappearing Association Between Governance and Returns
Bebchuk, Lucian A. - 2010
In an important and influential work, Gompers, Ishii, and Metrick (2003) show that a trading strategy based on an index of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing finding has attracted much attention ever since it was...
Persistent link: https://www.econbiz.de/10012462740
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Economic Development as Self-Discovery
Hausmann, Ricardo - 2002
In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...
Persistent link: https://www.econbiz.de/10012469762