The Open UniversitySkip to content
 

Myopic selection

Geroski, P.A. and Mazzucato, M. (2002). Myopic selection. Metroeconomica, 53(2) pp. 181–199.

Full text available as:
[img]
Preview
PDF (Not Set) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (105Kb)
DOI (Digital Object Identifier) Link: http://doi.org/10.1111/1467-999X.00139
Google Scholar: Look up in Google Scholar

Abstract

The severity of selection mechanisms and the myopia of selection are explored through a duopoly model where one firm tries to move down a learning curve in which costs are initially higher than its rival's but ultimately much lower. A trade-off is found between catch-up time and asymptotic market share: the more severe are selection pressures, the less likely is it that the learning technology will survive; however, if it does survive, the learning technology will in the limit be more competitive the more severe are selection pressures. We explore the dynamics of the model under unit cost and strategic pricing and find that the optimal pricing rule depends on the parameters governing firm learning and market selection.

Item Type: Journal Article
ISSN: 0026-1386
Extra Information: The definitive version is available at www.blackwell-synergy.com
Academic Unit/Department: Social Sciences > Economics
Social Sciences
Item ID: 3679
Depositing User: Users 13 not found.
Date Deposited: 28 Jun 2006
Last Modified: 24 Feb 2016 04:58
URI: http://oro.open.ac.uk/id/eprint/3679
Share this page:

Altmetrics

Scopus Citations

Download history for this item

These details should be considered as only a guide to the number of downloads performed manually. Algorithmic methods have been applied in an attempt to remove automated downloads from the displayed statistics but no guarantee can be made as to the accuracy of the figures.

▼ Automated document suggestions from open access sources

Actions (login may be required)

Policies | Disclaimer

© The Open University   + 44 (0)870 333 4340   general-enquiries@open.ac.uk