%0 Report
        %A Glazer, Amihai
%A Kanniainen, Vesa
%A Poutvaara, Panu
        %T Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure
        %D 2004
        %8 2004 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1426
        %U https://www.iza.org/index.php/publications/dp1426
        %X Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
        %K industry equilibrium
%K initial luck
%K status effects
%K snowball