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dc.contributor.authorJoachim Kaldaschen_US
dc.date.accessioned2012-07-17T08:59:25Z-
dc.date.available2012-07-17T08:59:25Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/59749-
dc.description.abstractAn evolutionary model of the product life cycle is applied to derive the experience curve and the market size of (expensive) durable goods. The experience (learning) curve suggests that the real costs per unit decrease with an increasing cumulative output (Henderson's law). Based on the idea that in a competitive market firms are forced to pass cost advantages on to the price, the evolutionary model suggests that the mean price and also the mean costs are governed by an exponential decline with time. Simultaneously the mean price evolution satisfies Henderson's law. The market size is defined here by the number of active firms. The market size is shown to follow the total market revenue if the latter exhibits fast variations, else the size is nearly constant. A comparison with an empirical investigation confirms the model predictions.en_US
dc.language.isoengen_US
dc.publisherUniversitätsbibliothek München-
dc.subject.ddc330-
dc.subject.keywordexperience curveen_US
dc.subject.keywordlearning curveen_US
dc.subject.keywordmarket evolutionen_US
dc.subject.keywordevolutionary economicsen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordproduct diffusionen_US
dc.subject.keywordGompertz diffusionen_US
dc.subject.keywordproduct life cycleen_US
dc.subject.keyworddurable goodsen_US
dc.subject.stwLernprozessen_US
dc.subject.stwBranchenentwicklungen_US
dc.subject.stwEvolutionsökonomiken_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwInnovationsdiffusionen_US
dc.subject.stwProduktlebenszyklusen_US
dc.subject.stwKonsumguten_US
dc.titleThe Experience Curve and the Market Size of Competitive Consumer Durable Marketsen_US
dc.typePreprinten_US
dc.identifier.ppn719778905-
dc.identifier.urlhttp://mpra.ub.uni-muenchen.de/33370/en_US
dc.identifier.repecRePEc:zbw:esprep:59749-
Appears in Collections:Working and Discussion Papers / Arbeits- und Diskussionspapiere, EconStor Direct

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