Technological Change, Sunk Costs, and Competition
نویسندگان
چکیده
منابع مشابه
Are sunk costs really sunk?
The problem of relevance of sunk costs in managerial decisions concerning a plant is studied. It is shown that under fairly general assumptions about the rationality of the managers the irrelevance of such costs, frequently claimed by economists and accountants, is weakly founded. An application to a specific problem of use of a machine is studied and the optimal use decision problem solved.
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ژورنال
عنوان ژورنال: Brookings Papers on Economic Activity
سال: 1987
ISSN: 0007-2303
DOI: 10.2307/2534456