The experience curve from the economist's perspective

摘要: This paper undertakes a critique of experience curves from several angles. It considers the extent to which they can be regarded as an extension learning curves, and concludes that benefits learning-by-doing at plant level are exhausted relatively early. goes on consider evidence there is common slope their usefulness for forecasting prices, possible reasons spurious correlation between accumulated output average cost. by demonstrating differences in strategic implications various economic factors may underlie curve. The conclusion partly spurious, little practical value or decision making.