Market Structure

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Sunk Costs and Market Structure

Sunk Costs and Market Structure
Author :
Publisher : MIT Press
Total Pages : 600
Release :
ISBN-10 : 0262193051
ISBN-13 : 9780262193054
Rating : 4/5 (054 Downloads)

Book Synopsis Sunk Costs and Market Structure by : John Sutton

Download or read book Sunk Costs and Market Structure written by John Sutton and published by MIT Press. This book was released on 1991 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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John Sutton sets out a unified theory that encompasses two major approaches to studying market, while generating a series of novel predictions as to how markets