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Sunk Costs and Market Structure
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About the Author

John Sutton is Sir John Hicks Professor of Economics at the London School of Economics.

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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, Scientific Director at the Institut d'Economie Industrielle, Researcher at CERAS (of the Ecole Nationale des Ponts et Chaussees), and Visiting Professor at MIT."

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