The learning curve and competition¶
Spence, A. M. (1981). The learning curve and competition. Bell Journal of Economics, 12(1), 49-70.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Learning Curve Effects
- The same logic explains why early-entrant cost gaps are sticky: a late follower must traverse the same cumulative experience to reach the same cost, and cannot skip the doublings the leader has already paid for.
This sourceGame-theoretic treatment of how cumulative-volume cost advantages create durable early-mover positions and justify loss-leading to buy experience.
- The same logic explains why early-entrant cost gaps are sticky: a late follower must traverse the same cumulative experience to reach the same cost, and cannot skip the doublings the leader has already paid for.
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Registry ID ref:5227f0fcd902 · see in the full table