SUNK COSTS, PROFIT VARIABILITY, AND TURNOVER

Adelina Gschwandtner; Lambson Val E.

doi:10.1093/ei/cbj021

SUNK COSTS, PROFIT VARIABILITY, AND TURNOVER

Adelina Gschwandtner, Lambson Val E.

Institute for Statistics and Mathematics

Publication: Scientific journal › Journal article › Research › peer-review

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

Original language	English
Pages (from-to)	367 - 373
Journal	Economic Inquiry
Volume	44
Issue number	2
DOIs	https://doi.org/10.1093/ei/cbj021
Publication status	Published - 1 Jun 2006

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title = "SUNK COSTS, PROFIT VARIABILITY, AND TURNOVER",

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",

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year = "2006",

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