Sunk Costs, Market Contestability, and the Size Distribution of Firms

Sunk Costs, Market Contestability, and the Size Distribution of Firms

This paper offers a new economic explanation for the observed inter-industry differences in the size distribution of firms. The empirical estimates--based on three temporal (1982, 1987, and 1992) cross-sections of the four-digit United States manuf...

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Bibliographic Details
Main Authors: Kessides, Ioannis N., Tang, Li
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCOUNTING
ACCOUNTING STANDARD
ADVERTISING
AVERAGE COSTS
BARRIER TO ENTRY
BARRIERS TO ENTRY
BENCHMARK
BUSINESS ECONOMICS
CAPITAL INVESTMENTS
CAPITAL STRUCTURE
COLLUSION
CONSUMER GOODS
CONSUMERS
CONTESTABILITY
CONTESTABLE MARKETS
DEVELOPMENT BANK
DEVELOPMENT POLICY
DURABLE
ECONOMETRIC ANALYSIS
ECONOMETRICS
ECONOMIC PERFORMANCE
ELASTICITY
ENTRY BARRIER
ENTRY BARRIERS
EQUATIONS
EQUIPMENT
EXPENDITURE
EXPENDITURES
HIGH LEVELS
INDUSTRIAL ECONOMICS
INTANGIBLE
INTERNATIONAL BANK
INVESTING
LEVY
MARKET CONCENTRATION
MARKET EXIT
MARKET FORCES
MARKET POWER
MARKET SHARE
MARKET SHARES
MARKET STRUCTURE
MERGERS
PERFECT COMPETITION
POLITICAL ECONOMY
RANDOM WALK
REGULATORY REGIMES
RESERVES
SALE
SALES
SHARE OF INVESTMENT
SMALL BUSINESS
STRUCTURAL CHANGE
SUNK COSTS
TAX
TAX TREATMENT
VALUABLE KNOWLEDGE
VOLATILITY
WORLD MARKETS
Online Access:http://hdl.handle.net/10986/3312

Internet

http://hdl.handle.net/10986/3312

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