Gries, Thomas; Jungblut, Stefan; Naude, Wim - Department Volkswirtschaftslehre, Fachbereich für … - 2011
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 an "entrepreneurial" Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial...