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| Author: | Lieberman, M. B. |
| Title: | The learning curve, diffusion and competitive strategy. |
| Journal: | Strategic Management Journal
1987 : SEP-OCT, VOL. 8:5, p. 441-452 |
| Index terms: | LEARNING CURVES STRATEGIC PLANNING COMPETITION MODELS |
| Language: | eng |
| Abstract: | The implications of the learning curve for competitive strategy under a range of assumptions regarding competition and the nature of the learning process are explored. The optimal decision rules which apply when a learning curve is present are considered and the results of a dynamic model of competitive equilibrium are reported. Then a game-theory model is used to examine how the learning rate and information diffusion affect entry barriers, profits, and price dynamics. Some extensions and implications are suggested. |
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