Last-In First-Out Oligopoly Dynamics
收藏NBER2009-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14674
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资源简介：
This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and demand uncertainty. The observation that exit rates decline with firm age motivates the assumption of last-in first-out dynamics: An entrant expects to produce no longer than any
提供机构：
美国国家经济研究局
创建时间：
2009-01-01
