BRESNAHAN, Timothy F.; REISS, Peter C. - In: Annales d'Economie et de Statistique (1994) 34, pp. 181-217
This paper devises new methods for measuring firms' sunk costs and their effect on market structure. It builds on our earlier work that estimated the size of unobserved fixed costs from entry thresholds, the amount of market demand necessary to support a new entrant. Here we show that...