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
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