This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

That sunk costs are not relevant to rational decision-making is often presented as one of the basic principles of … economics. When people are influenced by sunk costs in their decision-making, they are said to be committing the sunk cost … condition behavior on sunk costs, because of informational content, reputational concerns, or financial and time constraints …

An infinite-horizon, stochastic model of entry and exit with sunk costs and imperfect competition is constructed …. Simple examples provide insights into: (1) the relationship between sunk costs and industry concentration, (2) entry when …

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

In the presence of sunk costs to exporting, preferential tariff liberalization may have a prolonged, dynamic effect on …

The relevance of sunk costs in decision making is one of the major sources of disagreement between neoclassical … economists and behavioral economists. We test the importance of sunk costs by examining the role of a player's draft position on …