eprintid: 1553097 rev_number: 22 eprint_status: archive userid: 608 dir: disk0/01/55/30/97 datestamp: 2017-04-27 13:55:00 lastmod: 2022-01-12 23:51:46 status_changed: 2017-04-27 13:55:00 type: article metadata_visibility: show creators_name: Geroski, PA creators_name: Mazzucato, M title: Myopic Selection ispublished: pub divisions: UCL divisions: B04 divisions: C04 divisions: DF7 note: Blackwell Publishers Ltd 2002. This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. abstract: The severity of selection mechanisms and the myopia of selection are explored through a duopoly model where one firm tries to move down a learning curve in which costs are initially higher than its rival's but ultimately much lower. A trade-off is found between catch-up time and asymptotic market share: the more severe are selection pressures, the less likely is it that the learning technology will survive; however, if it does survive, the learning technology will in the limit be more competitive the more severe are selection pressures. We explore the dynamics of the model under unit cost and strategic pricing and find that the optimal pricing rule depends on the parameters governing firm learning and market selection. date: 2002-05 date_type: published official_url: http://doi.org/10.1111/1467-999X.00139 oa_status: green full_text_type: other language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 1289669 doi: 10.1111/1467-999X.00139 lyricists_name: Mazzucato, Mariana lyricists_id: MMAZZ96 actors_name: Mazzucato, Mariana actors_name: Laslett, David actors_id: MMAZZ96 actors_id: DLASL34 actors_role: owner actors_role: impersonator full_text_status: public publication: Metroeconomica volume: 53 number: 2 pagerange: 181-199 issn: 1467-999X citation: Geroski, PA; Mazzucato, M; (2002) Myopic Selection. Metroeconomica , 53 (2) pp. 181-199. 10.1111/1467-999X.00139 <https://doi.org/10.1111/1467-999X.00139>. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/1553097/1/Mazzucato_%25288%2529_metrocorrected_pre-pub-2-27.pdf