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Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure Author info | Abstract | Publisher info | Download info | Related research | Statistics Amihai Glazer ()
Vesa Kanniainen ()
Panu Poutvaara ()
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Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers and by consumers can make small initial differences generate large differences over time.
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 1216.
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Date of creation: 2004Date of revision:
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Keywords: industry equilibrium ; initial luck ; status effects ; snowball ; Other versions of this item:
Find related papers by JEL classification: L00 - Industrial Organization - - General - - - General L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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