Construct · 1 fields · 1 citations

passive learning model of firm survival: a standalone construct

One name. One construct. A landmark on the map.

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passive learningmodel of firm survival1 CONSTRUCTPassive learning modelJOVANOVIC · INDUSTRIAL

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Industrial organization

a model in which new firms learn their true efficiency only by operating, so efficient entrants grow and survive while inefficient ones shrink and exit.

In industrial organization, passive learning model of firm survival refers to a model in which new firms learn their true efficiency only by operating, so efficient entrants grow and survive while inefficient ones shrink and exit. This meaning comes from Jovanovic (1982) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

efficiency4 fields · 5 citationsjingle · one word, four constructslearning6 fields · 14 citationsjingle · one name, six constructsmodel3 fields · 3 citationsjingle · one word, three constructs

References

  1. Jovanovic, B. (1982). Selection and the Evolution of Industry. Econometrica, 50(3), 649. https://doi.org/10.2307/1912606

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