Madsen, Erik Strøjer; Jensen, Camilla; Hansen, Jørgen Drud - Nationalökonomisk Institut, Institut for Økonomi - 2002
This paper examines the remarkable development of technology and the fast learning-by-doing in the windmill industry since it emerged in the beginning of the 1980s. Based on time series of prices of windmills a dynamic cost function for producing windmills is tested. The estimations verified...