Learning effect has implication for the performance analysis for the LCD industry which is highly process oriented and capital intensive industry. In this study, we estimate the learning parameter in that industry and investigate the difference in lea...
Learning effect has implication for the performance analysis for the LCD industry which is highly process oriented and capital intensive industry. In this study, we estimate the learning parameter in that industry and investigate the difference in learning across generations. Based on the estimated learning effect, we provide some implication for the question whether the leadership in the industry is sustainable or not.