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Exit, sunk costs and the selection of firms

โœ Scribed by Paolo G. Garella; Yves Richelle


Publisher
Springer
Year
1999
Tongue
English
Weight
254 KB
Volume
13
Category
Article
ISSN
0938-2259

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The previous theoretical studies of the Uming of business exits have employed two different approaches. They have either developed sequential decision-making models or models based on gambler's ruin. The purpose of this paper is to evaluate both approaches. For this task some simple models of the ex