Showing 1 - 10 of 29
Persistent link: https://www.econbiz.de/10011092301
This article connects theory of learning with theory of governance, in the context of inter-firm relations … relational risk are identified: hold-up and spillover risk.For the governance of relations, i.e. the control of relational risk …
Persistent link: https://www.econbiz.de/10011092081
We estimate the respective importance of spatial sorting and agglomeration economies in explaining the urban wage premium for workers with different sets of skills. Sorting is the main source of the wage premium. Agglomeration economies are in general small, but are larger for workers with...
Persistent link: https://www.econbiz.de/10010775182
approach in the research fields of innovation studies and economic geography. Secondly, to propose a broadened interpretation …, regions and time periods and for analytically integrating the cognitive, organizational and spatial dimensions of innovation … and learning. Thirdly, to provide methodological suggestions for how to apply such broadened interpretation of the …
Persistent link: https://www.econbiz.de/10011098757
This paper uses a cognitive theory of firms and organizations, with a focus on learning and innovation.Here, cognition … collaboration between firms, for learning and innovation, in the combination of capabilities between rather than within the firm … between that cognitive theory and Penrose's theory of the growth of the firm.As in Penrose's work, the focus is on learning …
Persistent link: https://www.econbiz.de/10011090370
This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success.The uncertainty about future success gradually diminishes with the arrival of additional funding.The entrepreneur controls the funds and can divert...
Persistent link: https://www.econbiz.de/10011090781
distance between firms for innovation by interaction. …
Persistent link: https://www.econbiz.de/10011092223
This paper studies how updating affects ambiguity-attitude. In particular we focus on the generalized Bayesian update of the Jaffray-Phillipe sub-class of Choquet Expected Utility preferences. We find conditions for ambiguity-attitude to be the same before and after updating. A necessary and...
Persistent link: https://www.econbiz.de/10010539152
with experience. We then reject increasing confidence in private information or learning about the structure of the …
Persistent link: https://www.econbiz.de/10010540726
We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …
Persistent link: https://www.econbiz.de/10008596587