Sunk costs and real options in antitrust
Robert S. Pindyck
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Sunk costs and real options in antitrust
Published
2005
Publisher
National Bureau of Economic Research
Pages
29
Description
"Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of uncertainty. When market conditions evolve unpredictably (as they almost always do), firms incur an opportunity cost when they invest in new capital, because they give up the option to wait for the arrival of new information about the likely returns from the investment. This option value is a sunk cost, and is just as relevant for antitrust analysis as the direct cost of a machine or a factory"--National Bureau of Economic Research web site.
Frequently Asked Questions
How many pages are in Sunk costs and real options in antitrust?
This edition of Sunk costs and real options in antitrust has approximately 29 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Sunk costs and real options in antitrust?
For most readers, Sunk costs and real options in antitrust typically takes between 36m and 24m to complete. This is based on the book's length of approximately 7,250 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 29m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 1 day • Estimated word count: 7,250 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Sunk costs and real options in antitrust?
The estimated word count for Sunk costs and real options in antitrust is approximately 7,250 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Sunk costs and real options in antitrust?
Sunk costs and real options in antitrust was written by Robert S. Pindyck.
When was Sunk costs and real options in antitrust published?
The publication date for this specific edition is 2005. The original work may have been published on a different date.