Download or read book The Effects of Sunk Costs on Market Structure, Specialization and Welfare written by Nelson Bruno Valente de Sá and published by . This book was released on 2008 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines the relationship between market structure, welfare and average productivity. In doing so, two distinct questions are integrated into a unified framework. The first question addresses the role of concentration indicators in accessing the welfare properties of industry equilibrium. The second question focuses on the way incentives for upstream specialization decisions are shaped by the downstream market structure.