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Gomes, O. (2006). Organizational learning: a discrete choice approach. Journal of Economic and Social Research. 8 (1), 39-59
O. M. Gomes, "Organizational learning: a discrete choice approach", in Journal of Economic and Social Research, vol. 8, no. 1, pp. 39-59, 2006
@article{gomes2006_1715943772126, author = "Gomes, O.", title = "Organizational learning: a discrete choice approach", journal = "Journal of Economic and Social Research", year = "2006", volume = "8", number = "1", pages = "39-59" }
TY - JOUR TI - Organizational learning: a discrete choice approach T2 - Journal of Economic and Social Research VL - 8 IS - 1 AU - Gomes, O. PY - 2006 SP - 39-59 SN - 1302-1060 AB - The idea of organizational learning may be identified as the process through which a firm makes, with an increasing degree of certainty, choices about which strategies to follow. A discrete choice setup is considered and applied to a dynamic process of knowledge accumulation within the firm. The most important results relate to: (i) the determination of a steady state point in which probabilities of choice take constant values; and (ii) the fact that the steady state is not necessarily a stable one. If learning is subject to decreasing returns, stability holds; when knowledge accumulation exhibits increasing returns there is a divergence to a certainty strategy selection result, that is attained, at least asymptotically, in the long run. ER -