TY  - RPRT
        AU  - Glazer, Amihai
AU  - Kanniainen, Vesa
AU  - Poutvaara, Panu
        TI  - Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure
        PY  - 2004/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1426
        UR  - https://www.iza.org/publications/dp1426
        AB  - 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.
        KW  - industry equilibrium
KW  - initial luck
KW  - status effects
KW  - snowball
        ER  -