Sunk Costs and Real Options in Antitrust
Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of uncert...
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| Format: | Working Paper |
| Language: | en_US |
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2005
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| Online Access: | http://hdl.handle.net/1721.1/18233 |