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We propose a behavioural model of technological change with evolutionary switching between boundedly rational costly innovators and free imitators, and study the endogenous interplay of innovation decisions, market price dynamics and technological progress. Innovation and imitation are strategic...
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This chapter 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...
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digital publishing platform. I construct measures to quantify authors' performance over time and document significant …
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learning-learning through R&D in wind turbine manufacturing, learning from previous experience of installation, and learning …&D and previous installation experience matter, interactions between wind turbine manufacturers and wind project developer … experience of other wind farm developers, our results indicate that wind power firms mainly learn from their own experience and …
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