banks, also in interaction with market size variables. As argued by Sutton for industries with exogenous sunk costs, a … stronger and negative relationship is found as the market becomes larger. Keywords: Exogenous Sunk Costs, Intensity of … aggregate submarkets. His ‘lower bound’ approach emphasizes the strategic choice of sunk costs in a very general framework …

- partment of Economics, Stockholm School of Economics. Ellingsen, T. and Johannesson, M. (2005a). Sunk costs and fairness in …

creating a new one. The relative cost of these two forms of entry and its nature (flow and/or sunk costs) must be compared …

Recent economic literature suggests the importance of sunk costs and hysteresis in explaining export patterns in … these numbers leads us to question the widespread importance of sunk costs. In response to export-market shocks, we find … strong evidence of both heterogeneous exporter responses and hysteresis. -- heterogeneous exporters ; sunk costs ; re …

-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids …