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Sunk Costs And Market Structure

Author : John Sutton
ISBN : 0262193051
Genre : Business & Economics
File Size : 32. 79 MB
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"An excellent piece of empirical work by a leader in industrial organization. Econometric tests and industry studies are carefully guided by sound theory. A must reading for students in the field." -- Jean Tirole, MIT "Sunk Costs and Market Structure" bridges the gap between the new generation of game-theoretic models, which have dominated the industrial organization literature over the past ten years, and the traditional empirical agenda of the subject, as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors. The new theoretical literature has engendered pessimism in recent years because many results turn out to depend on detailed features of the market that are difficult to measure. This has led many observers to argue that the new literature offers little basis for the kind of cross-industry studies that have formed the empirical base of the subject since the 1950s. Using current game-theoretic methods, John Sutton reë xamines the traditional agenda of the subject. He argues that despite the "delicate" nature of many results, there are theoretical predictions that turn out to be extremely robust to reasonable changes in model specification, and it is these results that should be taken into account when looking for statistical regularities across a broad spectrum of industries. These statistical regularities follow from basic constraints on equilibrium structure, which depend only on very general industry characteristics. Within the range of outcomes admitted by these constraints, a wide range of possible scenarios exist that are consistent with the theory, and the particular outcomethat emerges will be heavily conditioned by the idiosyncratic features of the individual markets. The empirical implementation of this kind of theory demands an unusual blend of econometric and historical analysis. Sutton draws on a wide range of historical sources and on an intensive program of company interviews to assemble a matrix of industry studies relating to twenty markets within the food and drink sector, in six countries--France, the Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States. He combines theory, econometric evidence, and a detailed account of the various patterns of evolution of structure found in these industries in a rigorous evaluation of the strengths and limitations of a game-theoretic approach in explaining the evolution of industrial structure.

Sunk Costs Und Unternehmensfinanzierung

Author : Jan Pieter Krahnen
ISBN : 9783322879769
Genre : Business & Economics
File Size : 85. 96 MB
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Sunk

Author :
ISBN : 0822532050
Genre : Juvenile Nonfiction
File Size : 28. 76 MB
Format : PDF
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A survey of the methods and equipment of underwater archaeologists is accompanied by accounts of actual explorations, finds, and retrievals in the Mediterranean, Red, Caribbean, and other seas

Sunk The Story Of The Japanese Submarine Fleet 1941 1945

Author : Lt.-Com. Mochitsura Hashimoto
ISBN : 9781786257307
Genre : History
File Size : 26. 37 MB
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What happened to Japan’s submarines and what sort of fight did they put up? As far as Japan was concerned, the recent war was waged according to a rigid strategy. There was no detailed operational planning. It was a fight in which science had been ignored. In such circumstances the submarine, always highly vulnerable unless used intelligently, was inevitably sacrificed. Throughout the war the whole submarine fleet was in reality a special attack force in which, in the absence of scientific weapons, the crews were just so much human ammunition. Today we hear much about rearmament. If money is to be spent on armaments, it should be used for scientific development. Never again must we go to war with only a bamboo lance. The Japanese Submarine Fleet was entirely wiped out, but the martial spirits of its sailors are still with us on the far-flung oceans. In the Pacific, the Indian Ocean, and the Atlantic we remember the multitude of resentful sleeping warriors; in our ears we hear the whisper of the “voice from the bottom of the sea.” Thus, as one of the few submarine captains to survive, I have taken up my pen to try to record something of the unknown hardships and successes of our submarines. “Despite the gloomy conditions under which they worked, our submarines fought well, and the grim story of Japanese submarine units has been well recorded by former Lieutenant Commander Hashimoto. “It is certainly valuable material, and I wish to recommend it as an excellent history.”—S. Toyoda, Former C.-in-C., Combined Fleet, IJN

Sunk A Shrunk Adventure

Author : Fleur Hitchcock
ISBN : 9781848124493
Genre : Juvenile Fiction
File Size : 86. 78 MB
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Sun, Sea . . . and deckchairs out for revenge? Welcome to Bywater-by-Sea! Inspectors from the "Best Beach in Britain" award are in Bywater-by-Sea and the new mayor Mr Quint wants to keep the town at the top of the holiday rankings. But a holiday maker is trapped by an angry deckchair. Then a small child is chased by a pedalo, and a woman attacked by a beach umbrella. Tom, Eric and Jacob realise that the meteorite dust has affected every item of holiday paraphernalia, and that it now appears to be increasingly determined to take revenge on the humans, local or visitor. With Grandma's help and to Tilly's disgust, the boys set out to make the town safe and track down every last piece of rebellious beach equipment without revealing their powers to anyone.

Sunk

Author : Rob Biddulph
ISBN : 9780008207694
Genre : Juvenile Fiction
File Size : 45. 58 MB
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Penguin Blue is back, in a swashbuckling new adventure about pirates, treasure, and friendship!

New Orleans Or Sunk

Author : Dean E. Felsing
ISBN : 1458200914
Genre : Juvenile Nonfiction
File Size : 58. 45 MB
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With forty fifty-five-gallon oil drums bracketed together, fifteen boys between the ages of twelve and fifteen, three college interns, and one fearless leader boarded the homemade raft dubbed the Unsinkable in the summer of 1961. Their goal was to traverse the 1,742 miles of the Mississippi River between Minneapolis, Minnesota, to New Orleans, Louisiana. In New Orleans or Sunk! author Dean E. Felsing narrates this story of an incredible crew on an unbelievable expedition. At the time, Felsing was a fourteen-year-old boy and a member of the Weekend Program for troubled kids. The trip was part of the boys’ summer vacation, and it was an adventure for all. From start to finish, he provides details of the journey that included spending ten hours a day on the water, traversing the river’s many locks, fighting the weather’s capriciousness, dealing with equipment failures, and learning to live with the other boys on a raft. Felsing describes how he and the others conquered the mighty Mississippi that summer by taking turns as lookouts, pilots, navigators, cooks, mechanics, housekeepers, inventors, and explorers. New Orleans or Sunk! shares how they learned to appreciate the kindness of strangers and to understand the power of the river.

Sacked Or Sunk

Author :
ISBN : UOM:39015042920192
Genre : Admirals
File Size : 71. 11 MB
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An impartial account of the events leading to the withdrawal of the President's pleasure in respect of the Chief of the Naval Staff - the constitutional and legal norms which should have been duly followed. An incident which not only rocked the political system of the country but was instrumental in leading to the unexpected collapse of the Vajpayee Government. A legal treatise which broadly deals with the constitutional provisions and conditions of service of the members of the armed forces - the high office of the Chief of the Naval Staff which was hurt and humiliated. An episode which displayed inapt handling of the termination and assumption of the office of CNS that raised unprecedented hue and cry in the political and bureaucratic circles of the country. An event which unfolded the myth surrounding national security and regenerated the need for restructuring the Ministry of Defence with the three services to achieve greater cohesion in the fast changing India's strategic scenario, especially after the Kargil War.

British Merchant Ships Sunk By U Boats In World War One

Author : A. J. Tennent
ISBN : 1904381367
Genre :
File Size : 42. 66 MB
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Containing 258 pages, this is a tennents reference book on the loss of every British merchant ship sunk by German submarine in the great war.

Irreversibilit T Und Unternehmensstrategie

Author : Alexandra Groß-Schuler
ISBN : 9783663080671
Genre : Business & Economics
File Size : 67. 16 MB
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Dr. Alexandra Groß-Schuler widerlegt die weit verbreitete Aussage, "versunkene" Kosten seien entscheidungsirrelevant, und zeigt anhand einer Analyse die Bedeutung von Sunk Costs im Rahmen strategischer Investitionsentscheidungen auf.

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