Tangible and intangible sunk costs and the entry and exit of firms in a small open economy:: the case of Austria

被引：12
|
作者：
Hölzl, W [1 ]
机构：
[1] Austrian Inst Econ Res, A-1103 Vienna, Austria
来源：
APPLIED ECONOMICS | 2005年 / 37卷 / 21期
关键词：
D O I：
10.1080/00036840500365850
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper provides evidence on the role of sunk costs as mobility barriers. An empirical study of the Austrian manufacturing industry explicitly considers sunk costs related to investment in dedicated intangible assets. The results confirm the relevance of sunk costs as mobility barriers, their symmetry with respect to entry and exit, and show that the influence of sunk costs is robust to aggregation.
引用
收藏
页码：2429 / 2443
页数：15
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