Sunk Costs, Depreciation, and Industry Dynamics
Two of the most robust results from dynamic competitive models of industrial organization suggest that higher sunk cost industries should exhibit (1) higher intertemporal variability in the market value of their firms, and (2) lower intertemporal variability in the size of their industries. These pr...
| Main Authors: | , |
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| Format: | Others |
| Language: | en |
| Published: |
MIT Press
2012
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| Subjects: | |
| Online Access: | http://epub.wu.ac.at/3446/1/rest_a_00236[1].pdf |