Historical sunk cost,path dependence in economic transition and the transcendence

Sunk Costs,Market Structure and Game Analysis of Corporate Strategy;

In the abandonment point, when the sunk costs were small or the hazard rate was high, the Marshallian level was exceeded .

Marx s sunk costs are defined as inability to realize in the market the full value of their product and the residual value of capital investment.

The acceleration of knowledge replacement and refining division of industrial structure result in rising rate of human capital s depreciation,so the influence of suck costs on human capital investment becomes more obviously.

The losses of enterprise members includes suck costs.

The suck costs of capital and human capital change with the different economic conditions.

Compared with non-resource-based cities,resource-based cities obviously have sunk costs in economic,institutional,and societal terms,which lead to limited elasticity in institutional demands and the existence of economic logic for hindering institutional changes.

As a result of the sunk costs of agricultural investment, the investment ent-husiasm of the microscopiceconomic subject has dampened, thus the development of the agricultural industrialization has hindered to some extent According t.

There are high sunk costs in the market of Credit-Debt, so it can t be deregulation in this market.

The research on the fair value and its relationship to the historical cost is very urgent.

This paper analyzes the cause of accumulating historical cost in the products convened process.

The traditional accounting measurement depending on historical cost has been impacted by the great changes of accounting environment,This paper firstly discusses about the essence and the utilization conditions of the historical cost measurement,and then,points out that the introduction of the economic value concepts is the theory basis for the accounting measurement revolution.