New firm creation and failure: A matching approach

Thomas Gries, Stefan Jungblut () and Wim Naudé
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Stefan Jungblut: Economics Department, University of Paderborn

No 2012-015, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: We propose that the rate of creation and failure of new firm start-ups can be modelled as a search and matching process, as in labor market matching models. Deriving a novel Entrepreneurship-Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial ability is matched with business opportunity, and outline a number of possible applications of this matching approach to formalize the economics of entrepreneurship.

Keywords: Entrepreneurship; start-ups; labor market matching (search for similar items in EconPapers)
JEL-codes: L26 M13 O10 O14 (search for similar items in EconPapers)
Date: 2012
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Related works:
Working Paper: New Firm Creation and Failure: A Matching Approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2012015

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