Quotation Gschwandtner, Adelina, Lambson, Val E.. 2002. The effects of sunk costs on entry and exit: evidence from 36 countries. Economics Letters 77 (1): 793-806.




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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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economics Letters
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, VW-B, WH-B
Language English
Title The effects of sunk costs on entry and exit: evidence from 36 countries
Volume 77
Number 1
Year 2002
Page from 793
Page to 806
Reviewed? Y
URL http://www.sciencedirect.com/science/article/pii/S0165176502000939


Gschwandtner, Adelina (Former researcher)
Lambson, Val E. (Brigham Young University, United States/USA)
Institute for Statistics and Mathematics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5370 Industrial economics (Details)
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