Manufacturing progress functions¶
Hirsch, W. Z. (1952). Manufacturing progress functions. Review of Economics and Statistics, 34(2), 143-155.
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Primes¶
- Learning Curve Effects
- Those three claims have entirely different strategic and forecasting consequences — the scale claim predicts costs rise again if volume falls, the time claim predicts costs keep falling regardless of activity, and the experience claim predicts costs depend on cumulative output and stick once earned.
This sourceEarly econometric estimation of progress functions; sharpens the separation of experience-driven cost decline from scale and time effects.
- Those three claims have entirely different strategic and forecasting consequences — the scale claim predicts costs rise again if volume falls, the time claim predicts costs keep falling regardless of activity, and the experience claim predicts costs depend on cumulative output and stick once earned.
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Registry ID ref:2c6cf88faa42 · see in the full table