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Regional determinants of ICT new firm formation

✍ Scribed by Frank Lasch, Frank Robert, Frédéric Le Roy

Book ID
120773435
Publisher
Springer US
Year
2011
Tongue
English
Weight
277 KB
Volume
40
Category
Article
ISSN
0921-898X

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This paper focuses on entry of small firms in the manufacturing industries. It is argued that the exit option can be viewed as an insurance against risks of failure, increasing the likelihood of entry in an uncertain environment; the result is implicit in recent stochastic models of competition and