Abstract
Dynamic competitive models of industry evolution suggest that firm profit will be more volatile, and turnover lower, in industries with higher sunk costs. These implications are consistent with empirical observation
Originalsprache | Englisch |
---|---|
Seiten (von - bis) | 367 - 373 |
Fachzeitschrift | Economic Inquiry |
Jahrgang | 44 |
Ausgabenummer | 2 |
DOIs | |
Publikationsstatus | Veröffentlicht - 1 Juni 2006 |