Abstract
The present study extends the classical model of the firm to include the effect of learning on the cost function. The optimal output rate is studied and compared to the one implied by myopic behavior that ignores the dynamic learning effect.
| Original language | English |
|---|---|
| Pages (from-to) | 79-83 |
| Number of pages | 5 |
| Journal | Economics Letters |
| Volume | 19 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1985 |