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 …

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …

We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into … knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms …

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

); reduce investment drastically (by 19); and reduce very substantially process innovation and information technology investment …