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Title:Initial luck, status-seeking and snowballs lead to corporate success and failure PDF Logo
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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