Abstract
The relationships between entry rates, exit rates, entry barriers and sunk costs are examined across a set of four-digit industry data. Results indicate that product differentiation barriers reduce entry rates and sunk capital costs reduce exit rates. Whether entry and exit are truly simultaneous, however, is not clear.
Original language | English (US) |
---|---|
Pages (from-to) | 297-304 |
Number of pages | 8 |
Journal | Applied Economics |
Volume | 24 |
Issue number | 3 |
DOIs | |
State | Published - Mar 1992 |
ASJC Scopus subject areas
- Economics and Econometrics