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| Author: | Mitchell, M. |
| Title: | The scope and organization of production: firm dynamics over the learning curve |
| Journal: | RAND Journal of Economics
2000 : SPRING, VOL. 31:1, p. 180-205 |
| Index terms: | MODELS COMPANIES PRODUCTION |
| Language: | eng |
| Abstract: | The author introduces a Bayesian-learning model of the firm to account for a variety of empirical facts about firms. The many tasks the firm can undertake (the scope of the firm) are informationally related, so that the firm can enjoy some economies of scope from information. The model predicts changes in firm size and its comovement with firm scope that are broadly consistent with the empirical evidence. |
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