Learning by Doing and Competition in the Early Rayon Industry
构建了一个动态寡头博弈的结构计量模型,用于检验干中学的技术性质和战略含义,并用美国早期人造丝产业的企业数据估计了模型,发现企业间在专有学习和溢出学习上存在显著差异,且领先企业制定策略时会考虑对手反应。
In this article I derive a structural econometric model of learning by doing from a dynamic oligopoly game. Unlike previous empirical models, this model is capable of testing hypotheses concerning both the technological nature and strategic implications of learning. I estimate the model with firm-level data from the early U.S. rayon industry. The empirical results show that there were considerable differences across firms in both proprietary and spillover learning. The results also indicate that the two leading firms took their rival's reactions into account when choosing their strategies.