Sunk Costs and Firm Value Variability: Theory and Evidence

American Economic Review

Volumn 88, Issue 1, 1998, Pages 307-313

  Lambson, Val Eugene ^a   Jensen, Farrell E ^a  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0005729470     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (9)

1. Dixit, Avinash. "Entry and Exit Decisions Under Uncertainty." Journal of Political Economy, June 1989, 97(3), pp. 620-38.
2. Dunne, Timothy; Roberts, Mark J. and Samuelson, Larry. "The Growth and Failure of U.S. Manufacturing Plants." Quarterly Journal of Economics, November 1989, 104(4), pp. 671-98.
3. Ericson, Richard and Pakes, Ariel. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work." Review of Economic Studies, January 1995, 62(1), pp. 53-82.
4. Hopenhayn, Hugo A. "Entry, Exit, and Firm Dynamics in Long Run Equilibrium." Econometrica, September 1992, 60(5), pp. 1127-50.
5. Jovanovic, Boyan. "Selection and the Evolution of Industry." Econometrica, May 1982, 50(3), pp. 649-70.
6. Lambson, Val Eugene. "Industry Evolution with Sunk Costs and Uncertain Market Conditions." International Journal of Industrial Organization, June 1991, 9(2), pp. 171-96.
7. _. "Competitive Profits in the Long Run." Review of Economic Studies, January 1992, 59(1), pp. 125-42.
8. Lambson, Val Eugene and Jensen, Farrell E. "Sunk Costs and the Variability of Firm Value Over Time." Review of Economics and Statistics, August 1995, 77(3), pp. 535-44.
9. Pakes, Ariel and Ericson, Richard. "Empirical Implications of Alternative Models of Firm Dynamics." Journal of Economic Theory, 1998 (forthcoming).