The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure: Evidence from the U.S. Manufacturing Sector.

Motivated by relatively recent theoretical contributions on the role played by uncertainty, sunk costs and technological change in influencing entry, exit and industry structure, we conduct an empirical analysis covering 267 U.S. manufacturing industries over the period 1963-1992.

MoreLess

Year of publication:	2001
Authors:	Ghosal, V.
Institutions:	Antitrust Division, Department of Justice
Subject:	INFORMATION \| TECHNOLOGICAL CHANGE \| FINANCING

More details

Series:	U.S. Department of Justice - Antitrust Division.
Type of publication:	Book / Working Paper
Notes:	49 pages
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; D80 - Information and Uncertainty. General ; O30 - Technological Change; Research and Development. General ; G10 - General Financial Markets. General ; L40 - Antitrust Policy. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005661126