AMIR, Rabah; LAMBSON, Val E. - Center for Operations Research and Econometrics (CORE), … - 2004
Amir and Lambson (2003) developed an infinite-horizon, stochastic model of entry and exit by integer numbers of firms facing sunk costs and uncertain market conditions. Here, as examples of the model' usefulness, special cases are applied to the following three s issues: (1) the relationship...