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Sunk Costs and Risk-Based Barriers to Entry

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NBER2009-02-01 更新2025-01-04 收录
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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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2009-02-01
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