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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18855
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| Title: | | Initial luck, status-seeking and snowballs lead to corporate success and failure  |
| Authors: | | Glazer, Amihai Kanniainen, Vesa Poutvaara, Panu |
| Issue Date: | | 2004 |
| Series/Report no.: | | CESifo working papers 1216 |
| Abstract: | | Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time. |
| Subjects: | | industry equilibrium initial luck status effects snowball |
| JEL: | | L13 L00 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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