Sunk Costs, Profit Variability, and Turnover

  • Adelina Gschwandtner (Contributor)
  • Val Lambson (Contributor)

Activity: Talk or presentationScience to professionals/public


: Dynamic competitive models of industry evolution suggest that firm profit will be more volatile and turnover will be lower in industries with higher sunk costs. These implications are consistent with empirical observation.
Period5 Mar 2003
Event titleReseach Seminar Presentation
Event typeUnkonwn