A preliminary research on sunk cost and investment decision

被引：0

作者：

Ye, JM ^{[1
]}

Deng, MR ^{[1
]}

Wu, ZY ^{[1
]}

机构：

[1] Wuhan Univ Technol, Sch Management, Wuhan 430071, Peoples R China

来源：

PROCEEDINGS OF THE 2001 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING, VOLS I AND II | 2001年

关键词：

sunk cost; investment decision; assets specificity;

D O I：

暂无

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

This paper discusses the characteristics of investment and the implication of sunk cost. Using a two-stage Cournot model and a binomial tree model, the paper studies the relationship between sunk cost and investment decision and believes that sunk cost affects investment decision directly. Considering in a long continuous decision, sunk, assets are losses of efficiency of firm assets.

引用

页码：1577 / 1579

页数：3

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