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

Adelina Gschwandtner; Val E. Lambson

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

Adelina Gschwandtner, Val E. Lambson

Statistics and Mathematics

Publikation: Wissenschaftliche Fachzeitschrift › Originalbeitrag in Fachzeitschrift › Begutachtung

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.

Originalsprache	Englisch
Seiten (von - bis)	793 - 806
Fachzeitschrift	Economics Letters
Jahrgang	77
Ausgabenummer	1
Publikationsstatus	Veröffentlicht - 1 Juni 2002

Österreichische Systematik der Wissenschaftszweige (ÖFOS)

502013 Industrieökonomik

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Andere Dateien und Links

http://www.sciencedirect.com/science/article/pii/S0165176502000939

Zitat

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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.",

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N2 - 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.

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