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Modelling economic hysteresis losses caused by sunk adjustment costs
Transition from one economic equilibrium to another as a consequence of shocks is often associated with sunk adjustment costs. Firm specific sunk market entry investments (or sunk market exit costs) in case of a reaction to price shocks are an example. These adjustment costs lead to a dynamic supply...
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| Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 36-2015) |
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| Autoren: | , |
| Format: | Artikel |
| Sprache: | Englisch |
| Veröffentlicht: |
Philipps-Universität Marburg
2015
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| Schlagworte: | |
| Online Zugang: | PDF-Volltext |
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