Winner-Takes-All (WTA) algorithms offer intuitive and powerful learning schemes such as Learning Vector Quantization (LVQ) and variations thereof, most of which are heuristically motivated. In this article we investigate in an exact mathematical way the dynamics of different vector quantization (VQ) schemes including standard LVQ in simple, though relevant settings. We consider the training from high-dimensional data generated according to a mixture of overlapping Gaussians and the case of two prototypes. Simplifying assumptions allow for an exact description of the on-line learning dynamics in terms of coupled differential equations. We compare the typical dynamics of the learning processes and the achievable generalization error