Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55008
Authors: 
Falck, Oliver
Year of Publication: 
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

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