Gschwandtner, Adelina, Lambson, Val E (2012) Sunk Costs, Depreciation, and Industry Dynamics. Review of Economics and Statistics, 94 (4). pp. 1059-1065. ISSN 1530-9142. (doi:10.1162/REST_a_00236) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40541)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/10.1162/REST_a_00236 |
Abstract
Two of the most robust results from dynamic competitive models of industrial organization suggest that higher-sunk-cost industries should exhibit higher intertemporal variability in the market value of their firms and lower intertemporal variability in the size of their industries. These predictions have done well empirically. This paper argues on theoretical and empirical grounds that depreciation generates countervailing effects.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1162/REST_a_00236 |
| Additional information: | number of additional authors: 1; |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
| Depositing User: | Stewart Brownrigg |
| Date Deposited: | 07 Mar 2014 00:05 UTC |
| Last Modified: | 16 Nov 2021 10:15 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/40541 (The current URI for this page, for reference purposes) |
| Gschwandtner, Adelina: |
 https://orcid.org/0000-0002-6952-1782
|
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