Optimal production in the presence of learning

A. Dotan, M. Gross, Z. Lieber

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)79-83
Number of pages5
JournalEconomics Letters
Volume19
Issue number1
DOIs
StatePublished - 1985

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