Gullstrand, Joakim; Persson, Maria - 2013
In endeavouring to explain the empirical puzzle that the sunk costs of exporting are important, but that, at the same … markets. First, it illustrates that if the importance of sunk costs as well as the expected future returns from exporting are … survival literature also includes data on decisions to stay in or exit peripheral markets. -- Sunk Costs ; Trade Duration …