Recent Results in the Analysis of Made-to-Order Production

Abstract

There are many possible specifications that embed learning hypotheses within production functions. One approach is to assume neutral technological change and augment a production function with learning as a function of cumulative output. Another possibility is to treat learning as a separate output in a multiple output production function. The output of learning increases the stock of knowledge, and the stock of knowledge enters the production function in the next instance of time as an input.