New firm creation and failure: A matching approach

Gries, Thomas, Jungblut, Stefan and Naudé, Wim (2012). New firm creation and failure: A matching approach. UNU-MERIT.

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  • Sub-type Working paper
    Author Gries, Thomas
    Jungblut, Stefan
    Naudé, Wim
    Title New firm creation and failure: A matching approach
    Publication Date 2012
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 21
    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.
    UNU Topics of Focus Entrepreneurship
    Keyword Entrepreneurship
    Start-ups
    Labor market matching
    JEL L26
    M13
    O10
    O14
    Copyright Holder UNU-MERIT
    Copyright Year 2012
    Copyright type All rights reserved
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    Created: Wed, 11 Dec 2013, 17:05:33 JST