Parametric interdependence, learning-by-doing, and industrial structure

William Martin Tracy (), M. V. Shyam Kumar () and William Paczkowski ()
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William Martin Tracy: Rensselaer Polytechnic Institute
M. V. Shyam Kumar: Rensselaer Polytechnic Institute
William Paczkowski: Rensselaer Polytechnic Institute

Computational and Mathematical Organization Theory, 2013, vol. 19, issue 4, No 10, 580-600

Abstract: Abstract We explore the proposition that parametric interdependence makes learning-by-doing a nondeterministic, path-dependent process. The implications of our model challenge two conventional beliefs about the relationships between industrial structure, spillovers, and learning-by-doing. First, we challenge the belief that the monopolistic industrial structure always maximizes learning-by-doing gains when there are no spillovers. Second, we challenge the belief that increasing spillovers unambiguously increases welfare when learning-by-doing drives innovation.

Keywords: Learning-by-doing; Industrial structure; Spillovers; NK landscape; Parametric interdependencies (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10588-012-9143-9

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