Sunk Cost Efficiency with Discrete Competitors

When entrants only differ in their exogenous entry costs, the order in which potential firms enter does not affect industry size. With discrete competitors, entry orderings can affect total sunk costs and the identity of entrants. A necessary and sufficient condition is established for sunk, entry costs in the industry to be minimized, regardless of entry ordering

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Year of publication:	2012
Authors:	Wilson, Linus
Publisher:	[S.l.] : SSRN
Subject:	Sunk Costs \| Sunk costs \| Theorie \| Theory \| Markteintritt \| Market entry \| Technische Effizienz \| Technical efficiency \| Effizienz \| Efficiency

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