trade, but their effectiveness crucially depends on the speed of learning. …

Retailers may face uncertainty about the profitability of local markets, which provide opportunities for learning when … retail entry with uncertainty and learning (from others). Using novel data about fast food chains, I estimate the model with … firm beliefs about market profitability. The estimates confirm the presence of uncertainty and learning. Most importantly …

New entrants very often spin out from established firms and because they set on a course at founding, their learning … imprinting notion. This is followed by a phase of intense learning efforts whereby the spinoff establishes its competitive …