Western University
Scholarship@Western
Political Economy Research Group. Papers in
Political Economy
Economics Working Papers Archive
1999
Caring About Sunk Costs: A Behavioral Solution to
the Hold-up Problem
Lorne Carmichael
W. Bentley MacLeod
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Citation of this paper:
Carmichael, Lorne, W. Bentley MacLeod. "Caring About Sunk Costs: A Behavioral Solution to the Hold-up Problem." Political
Economy Research Group. Papers in Political Economy, 95. London, ON: Department of Economics, University of Western Ontario
(1999).