| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6171 |
| DP6171 Why Do Foreign-Owned Firms Pay More? The Role of On-the-Job Training | |
| Frank Walsh; Eric Strobl; Holger Görg | |
| 发表日期 | 2007-03-09 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | The received wisdom is that sunk costs create a barrier to entry - if entry fails, then the entrant, unable to recover sunk costs, incurs greater losses. In a strategic context where an incumbent may prey on the entrant, sunk entry costs have a countervailing effect: they may effectively commit the entrant to stay in the market. By providing the entrant with commitment power, sunk investments may soften the reactions of incumbents. The net effect may imply that entry is more profitable when sunk costs are greater. |
| 主题 | Industrial Organization |
| 关键词 | Barriers to entry Sunk costs |
| URL | https://cepr.org/publications/dp6171 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535009 |
| 推荐引用方式 GB/T 7714 | Frank Walsh,Eric Strobl,Holger Görg. DP6171 Why Do Foreign-Owned Firms Pay More? The Role of On-the-Job Training. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
