VanHoose, David - Networks Financial Institute, Scott College of Business - 2008
. According to initial results obtained by work along these lines, the presence of endogenous sunk fixed costs arising from non … policy with regard to bank mergers, outlines the theory of endogenous sunk fixed costs, explains why and how the theory might … possible welfare-improving effects arising from efficiency gains. Recent research applying the theory of endogenous sunk fixed …