Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20724
Authors: 
Glazer, Amihai
Kanniainen, Vesa
Poutvaara, Panu
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1426
Abstract: 
Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
Subjects: 
industry equilibrium
initial luck
status effects
snowball
JEL: 
L00
L13
Document Type: 
Working Paper

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