Sunk Cost Efficiency with Discrete Competitors

When entrants only differ in their exogenous entry costs, the order in which potential firms enter does not affect industry size. With discrete competitors, entry orderings can affect total sunk costs and the identity of entrants. A necessary and sufficient condition is established for sunk, entry costs in the industry to be minimized, regardless of entry ordering

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Year of publication:	2012
Authors:	Wilson, Linus
Publisher:	[S.l.] : SSRN

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Extent:	1 Online-Ressource (24 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: 2011, Southwestern Economic Review, Vol. 38, No. 1, pp. 37-48 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2010 erstellt
Other identifiers:	10.2139/ssrn.972175 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014052144