Università degli Studi di Cagliari
LEARNING AND FORGETTING IN A COMPETITIVE ENVIRONMENT
16 febbraio 2017
Dipartimento di Scienze Economiche e Aziendali
Giovedì 16 febbraio alle ore 12 il Prof. KONSTANTIN KOGAN dell’Università Bar Ilan (Tel Aviv, Israele) http://management.biu.ac.il/en/Konstantin%20Kogan terrà un seminario dal titolo:
LEARNING AND FORGETTING IN A COMPETITIVE ENVIRONMENT
Il seminario si terrà presso l’Aula Magna, Edificio “Paolo Baffi” Facoltà di Scienze Economiche, Giuridiche, Politiche, Dipartimento di Scienze Economiche e Aziendali in Viale S. Ignazio 74, Cagliaari
Abstract
It has been shown that learning-by-doing enables firms to reduce marginal production costs, but that this effect weakens due to organizational forgetting. In order to assess the impact of both learning and forgetting on long-term competitiveness and a firm’s profitability, we model an experience accumulation process with depreciation and consider two competing firms that produce fully substitutable products. In this model, unit production costs decrease with the firm’s experience due to the proprietary learning process as well as the spillover of experience from the competing firm.
Firms can either share or hide from each other their information about the state of their respective experience throughout the game. We found that in an equilibrium steady state, if the organizational forgetting is sufficiently large (larger than the spillover rate value), then information sharing, compared to information hiding, results both in less competitiveness and increased profits for firms. Conversely, if the organizational forgetting is small and the spillover opportunities are relatively large, then information sharing promotes both long term competitiveness and firm profits.
Tutti gli interessati sono invitati a partecipare.
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PER INFORMAZIONI:
Prof. Beatrice Venturi, venturi@unica.it Associate Professor of Mathematics for Economics Department of Business and Economics University of Cagliari, Viale Fra’ Ignazio N°17, 09123 Cagliari-Italy tel.( Univ. Department) (+39) 070 6753333 http://people.unica.it/beatriceventuri/