Sunk costs of physical capital and the form of enterprise: investor-owned firms, consumer cooperatives and public enterprises

Kazuhiko Mikami

Applied Economics Letters, 2012, vol. 19, issue 3, 221-225

Abstract: This article considers how the efficiency of organizational forms of enterprise can depend on the level of sunk costs of physical capital in relation to market size, informational asymmetry and the heterogeneity of firm owners.

Date: 2012
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DOI: 10.1080/13504851.2011.572835

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