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http://hdl.handle.net/10419/55008
  
Title:Mayflies and long-distance runners: The effects of new business formation on industry growth PDF Logo
Authors:Falck, Oliver
Issue Date:2005
Series/Report no.:Passauer Diskussionspapiere: Volkswirtschaftliche Reihe V-39-05
Abstract:This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-andrun 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 longdistance runners.
Subjects:Entry and exit
growth
hit-and-run competition
innovation
dynamic panel techniques
JEL:L16
M13
O31
O41
Document Type:Working Paper
Appears in Collections:Passauer Diskussionspapiere, Volkswirtschaftliche Reihe, Universität Passau

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