Garicano, Luis; Rayo, Luis - C.E.P.R. Discussion Papers - 2013
surplus from his production. At any time, the novice can leave the relationship with his acquired knowledge and produce on his … structured as an apprenticeship, in which all production generated during training is used to compensate the expert. Knowledge … transfer takes a simple form. In the first period, the expert gifts the novice a positive level of knowledge, which is …