Sunk costs, profit variability, and turnover

被引：7
|
作者：
Gschwandtner, A
Lambson, VE
机构：
[1] Univ Vienna, Dept Econ, A-1210 Vienna, Austria
[2] Brigham Young Univ, Dept Econ, Provo, UT 84602 USA
来源：
ECONOMIC INQUIRY | 2006年 / 44卷 / 02期
关键词：
D O I：
10.1093/ei/cbj021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：367 / 373
页数：7
相关论文
共 50 条
  • [1] Sunk costs, windows of profit opportunities, and the dynamics of entry
    Götz, G
    [J]. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 2002, 20 (10) : 1409 - 1436
  • [2] Sunk costs and profit taxation: A source of tax non-neutrality
    Panteghini, PM
    [J]. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 1996, 43 (01) : 85 - 98
  • [3] SUNK COSTS AND THE VARIABILITY OF FIRM VALUE OVER TIME
    LAMBSON, VE
    JENSEN, FE
    [J]. REVIEW OF ECONOMICS AND STATISTICS, 1995, 77 (03) : 535 - 544
  • [4] Sunk costs and firm value variability: Theory and evidence
    Lambson, VE
    Jensen, FE
    [J]. AMERICAN ECONOMIC REVIEW, 1998, 88 (01): : 307 - 313
  • [5] Sunk costs
    Covey, Geoff
    [J]. APPITA JOURNAL, 2010, 63 (02): : 98 - 101
  • [6] On Sunk Costs and Escalation
    Michael J. Sofis
    David P. Jarmolowicz
    Jennifer L. Hudnall
    Derek D. Reed
    [J]. The Psychological Record, 2015, 65 : 487 - 494
  • [7] Nozick on sunk costs
    Steele, DR
    [J]. ETHICS, 1996, 106 (03) : 605 - 620
  • [8] On Sunk Costs and Escalation
    Sofis, Michael J.
    Jarmolowicz, David P.
    Hudnall, Jennifer L.
    Reed, Derek D.
    [J]. PSYCHOLOGICAL RECORD, 2015, 65 (03): : 487 - 494
  • [9] What are sunk costs?
    Daniel III C.
    [J]. Atlantic Economic Journal, 1997, 25 (2) : 225 - 225
  • [10] MORAL SUNK COSTS
    Lazar, Seth
    [J]. PHILOSOPHICAL QUARTERLY, 2018, 68 (273): : 841 - 861
12345