Mayflies and long-distance runners: The effects of new business formation on industry growth

This note analyses the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-and-run 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 long-distance runners.

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Year of publication:	2007
Authors:	Falck, Oliver
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München

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Series:	Munich Reprints in Economics.
Type of publication:	Book / Working Paper
Notes:	Published in Applied Economics Letters 12 14(2007): pp. 919-922
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010762334