Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59749 
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dc.contributor.authorJoachim Kaldaschen
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
dc.language.isoengen
dc.publisher|aUniversitätsbibliothek |cMünchenen
dc.subject.ddc330en
dc.subject.keywordexperience curveen
dc.subject.keywordlearning curveen
dc.subject.keywordmarket evolutionen
dc.subject.keywordevolutionary economicsen
dc.subject.keywordeconomic growthen
dc.subject.keywordproduct diffusionen
dc.subject.keywordGompertz diffusionen
dc.subject.keywordproduct life cycleen
dc.subject.keyworddurable goodsen
dc.subject.stwLernprozessen
dc.subject.stwBranchenentwicklungen
dc.subject.stwEvolutionsökonomiken
dc.subject.stwWirtschaftswachstumen
dc.subject.stwInnovationsdiffusionen
dc.subject.stwProduktlebenszyklusen
dc.subject.stwKonsumguten
dc.titleThe Experience Curve and the Market Size of Competitive Consumer Durable Markets-
dc.typePreprinten
dc.identifier.ppn719778905en
dc.identifier.urlhttp://mpra.ub.uni-muenchen.de/33370/en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:esprep:59749en

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