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The Learning Curve and Pricing in the Chemical Processing Industries
Abstract
Data on 37 chemical products are used to test a number of hypotheses about the learning curve and industrial price behavior. The results document a strong and consistent learning effect. Learning is found to be a function of cumulated industry output and cumulated investment rather than calendar time. Standard economies of scale appear significant but small in magnitude relative to the learning effect. Variations in the slope of the learning curve are linked to differences in R&D expenditures and capital intensity. Market concentration is found to be a strong influence on price flexibility and the timing of learning-related price changes.
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Citations
Cited by
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
Environmental and technology policies for climate mitigation
Fischer, C., & Newell, R. G. (2008) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2007.11.001 · Cited by 1,157
Learning to Contract: Evidence from the Personal Computer Industry
Mayer, K. J., & Argyres, N. S. (2004) · Organization Science · doi:10.1287/orsc.1040.0074 · Cited by 915
The Effect of General and Partner-Specific Alliance Experience on Joint R&D Project Performance
Hoang, H., & Rothaermel, F. T. (2005) · Academy of Management Journal · doi:10.5465/amj.2005.16928417 · Cited by 784
Learning curve models and applications: Literature review and research directions
Anzanello, M. J., & Fogliatto, F. S. (2011) · International Journal of Industrial Ergonomics · doi:10.1016/j.ergon.2011.05.001 · Cited by 508
Metadata
- Authors
- Lieberman, M. B.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 1984
- Volume
- 15
- Issue
- 2
- Pages
- 213
- ISSN
- 0741-6261 (ISSN-L)
- OpenAlex
- W2076098586
- Cited by
- 563
- References
- 0
- FWCI
- 15.08
- Type
- journal article
- Language
- en
- Open access
- closed
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- Lieberman, M. B. (1984). The Learning Curve and Pricing in the Chemical Processing Industries. The RAND Journal of Economics. https://doi.org/10.2307/2555676
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.