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Includes bibliographical references (p. 58-62).
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Includes bibliographical references (p. 15).
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Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of...
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Includes bibliographical references (p. 27-28).
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