• Title of article

    The effects of sunk costs on entry and exit: evidence from 36 countries

  • Author/Authors

    Adelina Gschwandtner، نويسنده , , Val E. Lambson، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2002
  • Pages
    7
  • From page
    109
  • To page
    115
  • Abstract
    Dynamic competitive models of industry evolution suggest that intertemporal variability of the number of firms should be lower in industries with higher sunk costs. We test this proposition using data from 36 countries. The results are consistent with the theory.
  • Keywords
    Entry and exit , Sunk costs
  • Journal title
    Economics Letters
  • Serial Year
    2002
  • Journal title
    Economics Letters
  • Record number

    435028

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=435028