Sunk Costs and Risk-Based Barriers to Entry
In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is little consensus as to the kinds of risk that matter— systematic versus non-systematic and industry-wide versus firm-specific — and the mechanisms through which they affect entry. I...
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| Format: | Article |
| Language: | en_US |
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Cambridge, MA; Alfred P. Sloan School of Mangement, Massachusetts Institute of Technology
2011
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| Online Access: | http://hdl.handle.net/1721.1/65620 |