Detail The Learning Curve in A Competitive Industry   Oleh:  Petrakis, Emmanuel ; Roy, Santanu ; Rasmusen, Eric Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 2 (1997), page 248-268. Topik: LEARNING; learning curve; competitive industry Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We consider the learning curve in an industry with free entry and exit and price taking firms. A unique equilibrium exists if the fixed cost is positive. Although equilibrium profits are zero, mature firms earn rents on their learning, and if costs are convex, no firm can profitably enter after the date the industry begins. Under some cost and demand conditions, however, firms may have to exit the market despite their experience gained earlier. Furthermore, identical firms faicng the same prices may produce different quantities. The market outcome is always socially efficient, even if it dictate that firms exit after learning. Finally, actual and optimal industry concentration does not always increase in the intensity of learning. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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