The Production Recipes Approach to Modeling Technological Innovation : An Application to Learning by Doing

We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological evolution. This involves adding nascent (essentially undiscovered) technologies to the existing technologies of neoclassical production theory, and, more importantly, expanding the notion of the production plan to include the recipe - the complete description of the underlying engineering process. Second, we use the recipes approach in constructing a simple microeconomic model of shop-floor learning by doing. We simulate the dynamics of the model and report the effects of changes in the basic parameters on the resulting engineering experience curves. For correctly chosen values of these parameters, the predictions of the model match the observed experience curves

MoreLess

Year of publication:	2015
Authors:	Auerswald, Philip E. ; Kauffman, Stuart ; Lobo, José ; Shell, Karl
Publisher:	[S.l.] : SSRN
Subject:	Technischer Fortschritt \| Technological change \| Innovation \| Lernprozess \| Learning process \| Theorie \| Theory \| Produktivität \| Productivity

Extent:	1 Online-Ressource (62 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Dynamics and Control, Vol. 24, 2000 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 1998 erstellt
Classification:	D20 - Production and Organizations. General ; D21 - Firm Behavior ; D24 - Production; Capital and Total Factor Productivity; Capacity ; D83 - Search, Learning, Information and Knowledge ; L23 - Organization of Production ; O30 - Technological Change; Research and Development. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014046283