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An empirical model of sunk costs and the decision to export.

By: Roberts, Mark J; Tybout, James R.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1995Subject(s): Exports | MarketingSummary: This paper develops an empirical test of the sunk-cost hysteresis model that directly examines entry and exit patterns in plant-level panel data.
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Policy Research Working Paper No.1436.

This paper develops an empirical test of the sunk-cost hysteresis model that directly examines entry and exit patterns in plant-level panel data.

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