Melachroinos, Konstantinos; Spence, Nigel - In: Regional Studies 33 (1999) 9, pp. 843-855
MELACHROINOS K. A. and SPENCE N. (1999) Regional economic performance and sunk costs, Reg. Studies 33 , 843-855. In industrial organization economics sunk costs, defined as unretrievable costs in the case of market exit, are assumed to determine market structure, firm entry and exit, enterprise...