| Falck, Oliver (2007): Mayflies and long-distance runners: The effects of new business formation on industry growth. In: Applied Economics Letters, Vol. 14, No. 12: pp. 919-922 |
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Abstract
This note analyses the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-and-run competition secure efficiency in an industry? Second, do innovative startups lead to amplified innovations by diminishing the knowledge filter? The results illustrate how new businesses can be viewed as either mayflies or long-distance runners.
| Item Type: | Journal article |
|---|---|
| Faculties: | Economics Economics > Chairs > CESifo-Professorship for Empirical Innovation Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| Language: | English |
| ID Code: | 20474 |
| Deposited On: | 15. Apr 2014 08:59 |
| Last Modified: | 26. Jun 2018 08:56 |
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Mayflies and long-distance runners: The effects of new business formation on industry growth. (deposited 15. Apr 2014 08:59)
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