Benkard's (2000) headline 0.96 depreciation figure is the spillover-adjusted specification, not the simplest one
Benkard's Table 3 reports two general-learning-model regressions relevant to the 0.96/61% depreciation figure. Regression 9 ("OF only," organizational forgetting with complete spillovers assumed between L-1011 model variants, λ=1) estimates δ = 0.952. Regression 10, which adds an incomplete-spillovers parameter estimated at λ≈0.70, estimates the higher δ = 0.960 — the figure Benkard uses for his 61%-annual-survival interpretation. He explains the direction of the shift: "The estimate of δ rises significantly when the model is extended to allow for incomplete spillovers... Leaving out incomplete spillovers from the model thus leads to a downward bias in the experience depreciation parameter."
The headline number is therefore specifically tied to a modeling choice — treating knowledge transfer between the L-1011's -1/-100/-200 and -500 variants as partial rather than complete — and not to the plainest version of the organizational-forgetting specification. The difference (0.952 vs. 0.960) is modest in absolute terms but is the mechanism by which the "which regression is being cited" question changes the answer.
Source
“The estimate of δ rises significantly when the model is extended to allow for incomplete spillovers... Leaving out incomplete spillovers from the model thus leads to a downward bias in the experience depreciation parameter.”
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