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The creation and diffusion of knowledge - an agent based modelling approach
De Albuquerque, Emmanuel P. - 2021
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012604973
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Social learning and innovation cycles
Garfagnini, Umberto; Strulovici, Bruno - 2012
We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …
Persistent link: https://www.econbiz.de/10009487824
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Social learning and innovation cycles
Garfagnini, Umberto; Strulovici, Bruno - 2012
We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …
Persistent link: https://www.econbiz.de/10009488894
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Experimentation, Learning, and Preemption
Hoppe-Wewetzer, Heidrun C. - 2019
We offer a model of experimentation and learning with uncertain outcomes, and show that competition leads to less …
Persistent link: https://www.econbiz.de/10012894249
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The Optimal Choice of Pre-Launch Reviewer
Gill, David - 2015
We develop a framework in which: (i) a firm can have a new product tested publicly before launch; and (ii) tests vary in toughness, holding expertise fixed. Price flexibility boosts the strong positive impact on consumer beliefs of passing a tough test and mitigates the strong negative impact of...
Persistent link: https://www.econbiz.de/10013039455
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Learning and innovation in youth-owned small businesses
Adeosun, Oluyemi Theophilus; Shittu, Ayodele Ibrahim - In: Rajagiri management journal 15 (2021) 1, pp. 69-87
academics alike. Learning and innovation play important roles and more critical is the mediating factors and how it impacts the … learning and innovation in youth-owned small businesses in Lagos, Nigeria, from a cross-sectional perspective. Design … though government support, informal network society and external knowledge all have a positive relationship with learning and …
Persistent link: https://www.econbiz.de/10012588669
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The creation and diffusion of knowledge - an agent based modelling approach
De Albuquerque, Emmanuel P. - 2021
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012591877
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The Financing of Innovation: Learning and Stopping
Bergemann, Dirk; Hege, Ulrich - Cowles Foundation for Research in Economics, Yale University - 2001
This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success. The uncertainty about future success gradually diminishes with the arrival of addtional funding. The entrepreneur controls the funds and can divert...
Persistent link: https://www.econbiz.de/10005087360
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Learning and Collusion in New Markets with Uncertain Entry Costs
Bloch, Francis; Fabrizi, Simona; Lippert, Steffen - Department of Economics, School of Business - 2011
This paper analyses an entry timing game with uncertain entry costs. Two firms receive costless signals about the cost of a new project and decide when to invest. We characterize the equilibrium of the investment timing game with private and public signals. We show that competition leads the two...
Persistent link: https://www.econbiz.de/10010552475
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Innovation, Learning, and Killer Acquisitions
Guéron, Yves; Lee, Jihong - 2022
We study dynamic market competition between a monopoly incumbent and an entrant experimenting with disruptive innovation. The monopolist can only pursue the uncertain innovation if it buys the disruptor, who is more efficient and privately knows its ability. Mergers generate synergies. We...
Persistent link: https://www.econbiz.de/10014238984