Ghosal, Vivek - Volkswirtschaftliche Fakultät, … - 2007
examines the impact of profit uncertainty and sunk costs on firms’ entry and exit decisions. For our empirical analysis, we … about profits, especially in conjunction with higher sunk costs, results in (1) a marked decrease in the number of small … uncertainty in conjunction with sunk costs fundamentally affecting firms’ decision-making and altering the structure of industries …