Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration

by John Sutton

Book Overview

Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors. The new theoretical literature has engendered pessimism in recent years because many results turn out to depend...

• Format: Paperback
• Language: English
• ISBN: 0262693585
• ISBN13: 9780262693585
• Release Date: August 2007
• Publisher: MIT Press
• Length: 592 Pages
• Weight: 1.69 lbs.
• Dimensions: 1.1" x 6.3" x 9.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher