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Small is Beautiful but Size Matters: The Asymmetric Impact of Uncertainty and Sunk Costs on Small and Large Businesses
Ghosal, Vivek - Volkswirtschaftliche Fakultät, … - 2007
examines the impact of profit uncertainty and sunk costs on firms’ entry and exit decisions. For our empirical analysis, we … sunk capital costs and profit uncertainty, among others. Our dynamic panel data estimates show that greater uncertainty … uncertainty in conjunction with sunk costs fundamentally affecting firms’ decision-making and altering the structure of industries …
Persistent link: https://www.econbiz.de/10005260323
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Sunk costs of consumer search: economic rationality of satisficing decision
Malakhov, Sergey - Volkswirtschaftliche Fakultät, … - 2014
The paper argues that sunk costs’ sensitivity can lead to the optimal consumption-leisure choice under price dispersion. The increase in quantity to be purchased with the extension of the time horizon of the consumption-leisure choice equalizes marginal costs of search with its marginal...
Persistent link: https://www.econbiz.de/10011259300
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Firm Export Participation: Entry, Spillovers and Tradability
Lawless, Martina - Volkswirtschaftliche Fakultät, … - 2005
This paper analyses the choices made by individual firms to enter the export market. It uses data on a sample of Irish firms over seventeen years to test whether sunk costs influence the decision to export. A probit specification tests the probability of exporting in the current period given...
Persistent link: https://www.econbiz.de/10005789756
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Lower bounds of concentration in a small open economy
Ilmakunnas, Pekka - Volkswirtschaftliche Fakultät, … - 2006
We examine how Sutton’s “bounds” approach works in a small country where industries have relatively high export and import intensities. Import competition is used as an indicator for the degree of competition in the low sunk cost industries. The bounds are estimated as stochastic...
Persistent link: https://www.econbiz.de/10005836052
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Software for the Computation of Markov-Perfect Equilibria in a Dynamic Game of Store Location by Multi-Store Firms
Aguirregabiria, Victor; Vicentini, Gustavo - Volkswirtschaftliche Fakultät, … - 2007
This document is a supplement of the paper "Dynamic Spatial Competition Between Multi-Store Firms" by Aguirregabiria and Vicentini (2007). It describes in detail the library of programs and procedures, in GAUSS language, that is used in that paper. The program computes an equilibrium of a...
Persistent link: https://www.econbiz.de/10005109562
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Geography and Firm Exports: New Evidence on Sunk Costs
Lawless, Martina - Volkswirtschaftliche Fakultät, … - 2006
This paper presents an extension of the analysis of the geographic dimension of trade, by examining the trading patterns of individual firms. Aggregate data does not tell us if a sector is geographically diversified because there are many exporting firms, each of which specialises in a separate...
Persistent link: https://www.econbiz.de/10005621225
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Das Goodwill-Modell des Wettbewerbsmarktes: Vertrauen ermöglichen und Arbeitsplätze schaffen
Rapold, Ingo - Volkswirtschaftliche Fakultät, … - 2009
The Goodwill Model of the Competitive Market Allowing for Trust and Creating Jobs Consumers often cannot judge the quality of goods and services at the time of the purchase decision. The goodwill model explains how the market participants deal with this problem. It makes a distinction between...
Persistent link: https://www.econbiz.de/10008567979
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The use of Public Funds for Private Benefit: An Examination of the Relationship between Public Stadium Funding and Ticket Prices in the National Football League
Matt, Brown; Daniel, Rascher; Wesley, Ward - Volkswirtschaftliche Fakultät, … - 2006
During the past decade there has been a proliferation of sports stadia being built in America’s municipal districts. While it used to be common for the public to fully fund stadium construction projects, over the past twenty years factors such as political motives, tax reform and increased...
Persistent link: https://www.econbiz.de/10008685530
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Demand Spillovers and Market Outcomes in the Mutual Fund Industry
Gavazza, Alessandro - Volkswirtschaftliche Fakultät, … - 2011
When consumers concentrate their purchases at a single firm, a firm that offers more products than its rivals can gain market share for all its other products, as well. These spillovers induce firms to compete by offering a greater variety of products rather than lower prices, and a natural...
Persistent link: https://www.econbiz.de/10009004196
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Expansión de las Redes de Transmisión Eléctrica en Norteamérica: Teoría y Aplicaciones
Zenon, Eric; Rosellon, Juan - Volkswirtschaftliche Fakultät, … - 2010
We present a hybrid mechanism application for the electrical system network expansion in Mexico, United States and Canada. The application is based on redefining the transmission output in terms of "point-to-point" transactions or financial transmission rights (FTRs); rebalancing the fixed and...
Persistent link: https://www.econbiz.de/10008695085