EconPapers    
Economics at your fingertips  
 

The Learning Curve and Competition

A. Spence

Bell Journal of Economics, 1981, vol. 12, issue 1, 49-70

Abstract: This article develops a model of competitive interaction and industry evolution in the presence of a learning curve. The learning curve is a function relating the unit costs of the individual firm to accumulated volume. The responses of the model to shifts in parameters are explored through calculated examples. The paper also used a two-period model to explore differences between open and closed-loop equilibria, and to assess the impact of learning spillover effects from one firm to the next.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (174) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819812 ... O%3B2-W&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:12:y:1981:i:spring:p:49-70

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().

 
Page updated 2019-12-01
Handle: RePEc:rje:bellje:v:12:y:1981:i:spring:p:49-70