Technology Sharing Cartels and Industrial Structure under a Rule of Thumb
We analyse the effect of learning by doing on firm performances when profit maximization follows a rule of thumb. Three regimes are compared: the technology sharing cartels, the oligopoly with spillovers, the proprietary regime. We show the dynamic implications on the industrial structure when firm production plan is revisited period by period.
|Date of creation:||May 2004|
|Date of revision:||May 2004|
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