This Paper investigates the links between the nature of contractual relationships within firms, the strength of information flows spreading between firms and the dynamics of technological competition. At the firm level, we focus on the corporate incentives to design Knowledge Management policies...

Multi-product firms create value by integrating functional activities such as manufacturing across business units. This integration often requires making functional managers responsible for implementing standardization, thereby limiting business-unit managers’ authority. Realizing synergies...

We examine the allocation of scarce attention in team production. Each team member is in charge of a specialized task, which must be adapted to a privately observed shock and coordinated with other tasks. Coordination requires that agents pay attention to each other, but attention is in limited...