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The Learning Curve and Pricing in the Chemical Processing Industries

Lieberman, Marvin B.·1984·The RAND Journal of Economics

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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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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CoChat. (2026). Citation check: The Learning Curve and Pricing in the Chemical Processing Industries. https://app.cochat.ai/papers/10.2307/2555676
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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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