Template-type: ReDIF-Paper 1.0
Author-Name: Gries, Thomas
Author-Email: thomas.gries@notes.upb.de
Author-Workplace-Name: Economics Department, University of Paderborn
Author-Name: Jungblut, Stefan
Author-Email: stefan.jungblut@notes.upb.de
Author-Workplace-Name: Economics Department, University of Paderborn
Author-Name: Naudé, Wim
Author-Email: naude@merit.unu.edu
Author-Workplace-Name: UNU-MERIT/MGSoG, University of Maastricht, and Maastricht
	 School of Management 
Title: New firm creation and failure: A matching approach
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.  
Classification-JEL: L26, M13,O10, O14
Keywords: Entrepreneurship, start-ups, labor market matching 
Series: UNU-MERIT Working Papers
Creation-Date: 2012
Number: 015
File-URL: http://www.merit.unu.edu/publications/wppdf/2012/wp2012-015.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2012015