Abstract
This paper considers learning in an competitive setting. By allowing an opponent a 'head start', unsuccessful unilateral experimentation may jeopardize future sales and profits. We show that even in the absence of spillover and signalling effects, competition can inhibit the scope of learning, relative to a monopoly.
Original language | English |
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Pages (from-to) | 103-108 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 44 |
Issue number | 1-2 |
DOIs | |
State | Published - 1994 |
Externally published | Yes |