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

Oliver Falck

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: 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.

Date: 2007
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Citations: View citations in EconPapers (16)

Published in Applied Economics Letters 12 14(2007): pp. 919-922

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Related works:
Journal Article: Mayflies and long-distance runners: the effects of new business formation on industry growth (2007)
Working Paper: Mayflies and long-distance runners: The effects of new business formation on industry growth (2005)
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