The severity of selection mechanisms and the myopia of selection are explored through a duopoly model where one firm tries to move down a learning curve in which costs are initially higher than its rival's but ultimately much lower. A trade-off is found between catch-up time and asymptotic...

This paper explores the effects that founding conditions have on the survival of new firms. A regression model which allows us to examine the role played by a number of different features of founding conditions on survival rates was estimated. The effect of founding conditions is estimated...