What’s Experience Got to Do With It? Sources of Cost Reduction in a Large Specialty Chemicals Producer

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Across
  1. 3. This paper was written in the year ____.
  2. 4. Learning curve is the link between cumulative output and cost ____.
  3. 6. R&D for a product involved trying to improve the production process or trying to find a new ____ for the product.
  4. 8. _____ beta means that after controlling for scale effects, unit manufacturing cost rose over time.
  5. 10. One incentive to invest in process R&D was expected ___ output.
  6. 11. Alpha, gamma, and beta are all ___.
  7. 15. What kind of knowledge contributed to cost reduction in the R&D products? ___ knowledge not specific to the process.
Down
  1. 1. Learning Rates were analyzed across this number of products.
  2. 2. The ___ power rule predicts how total costs rise as a function of output. This determined why gamma was constrained to -0.4.
  3. 5. Xt is the ____ in period t.
  4. 7. Equation 2 relates experience to previous experience and ____ in the last time period.
  5. 9. Equation 1 relates average ____ to the quantity of output and past experience.
  6. 12. Cost reduction usually occurs through _____ developments made by specialized engineering or R&D.
  7. 13. This paper was written by Sinclair, Klepper, and ___.
  8. 14. ___ between initiation and payoff of R&D may explain past works not finding a correlation for the learning curve, controlling for R&D.