Learning by doing, spillovers and shakeouts

Jim Yongtao Jin; J Perote-Peña; M Troege

doi:10.1007/s00191-003-0177-5

Learning by doing, spillovers and shakeouts

Jim Yongtao Jin, J Perote-Peña, M Troege

Research output: Contribution to journal › Article › peer-review

Abstract

This paper studies industry evolution driven by non strategic learning by doing and spillovers. We characterize a dynamic process of cost and output changes and its effect on welfare and industry profits. The paper gives conditions for shakeouts to occur and analyzes the key factors affecting these conditions. Since shakeouts could lead to a long-run social loss due to higher market concentration, there is a role for a government to play in limiting unnecessary shakeouts. The most effective way to do so is to enhance spillovers.

Original language	English
Pages (from-to)	85-98
Number of pages	14
Journal	Journal of Evolutionary Economics
Volume	14
DOIs	https://doi.org/10.1007/s00191-003-0177-5
Publication status	Published - Jan 2004

Keywords

market evolution
learning by doing
spillover
shakeout
MARKET PERFORMANCE
FIRM SURVIVAL
LIFE-CYCLE
CURVE
EVOLUTION
INDUSTRY
COMPETITION
OLIGOPOLY
DIFFUSION
ENTRY

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10.1007/s00191-003-0177-5

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AB - This paper studies industry evolution driven by non strategic learning by doing and spillovers. We characterize a dynamic process of cost and output changes and its effect on welfare and industry profits. The paper gives conditions for shakeouts to occur and analyzes the key factors affecting these conditions. Since shakeouts could lead to a long-run social loss due to higher market concentration, there is a role for a government to play in limiting unnecessary shakeouts. The most effective way to do so is to enhance spillovers.

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KW - learning by doing

KW - spillover

KW - shakeout

KW - MARKET PERFORMANCE

KW - FIRM SURVIVAL

KW - LIFE-CYCLE

KW - CURVE

KW - EVOLUTION

KW - INDUSTRY

KW - COMPETITION

KW - OLIGOPOLY

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EP - 98

JO - Journal of Evolutionary Economics

JF - Journal of Evolutionary Economics

ER -

Learning by doing, spillovers and shakeouts

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Keywords

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