Showing 1 - 10 of 12
This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete...
Persistent link: https://www.econbiz.de/10010884745
This article provides new insights into how geography shapes spatiotemporal variations in the propensity of actors from particular countries to file for non-resident patents in specific foreign economies. Our major contribution is to show that, in addition to bilateral exports and outward...
Persistent link: https://www.econbiz.de/10010745678
Digital goods are bitstrings, sequences of 0s and 1s, which have economic value. They are distinguished from other goods by five characteristics: digital goods are nonrival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...
Persistent link: https://www.econbiz.de/10010746188
We investigate if there is a causal link between education and health knowledge using data from the 1984/85 and 1991 … of health knowledge. For causal identification we use increases in the UK minimum school leaving age in 1947 (from 14 to … education significantly increases health knowledge, with a one-year increase in schooling increasing the health knowledge index …
Persistent link: https://www.econbiz.de/10011126452
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 …
Persistent link: https://www.econbiz.de/10011126487
of knowledge and technology in economic growth. …
Persistent link: https://www.econbiz.de/10011071327
This paper re-examines Hayek’s insights into the problem of knowledge in markets, and argues that his analysis remains … coordinating transactions wherever knowledge is dispersed and innovation renders the future uncertain—remains a potent explanation … and tacit knowledge has important but widely ignored implications for the contemporary use of statistics in financial risk …
Persistent link: https://www.econbiz.de/10011071336
diffusion of regional knowledge spillovers. These complementary approaches have, however, rarely been combined. Important … regional innovation systems, and knowledge and socio-economic spillovers. This approach allows the discrimination between the … influence of internal factors and external knowledge and institutional flows on regional economic growth. The empirical results …
Persistent link: https://www.econbiz.de/10011071557
We present a model of efficient contracting with endogenous matching and limited monitoring in which firms compete for CEOs. The model explains the association between limited monitoring and CEO pay practices such as pay-for-luck, high salaries, a low pay-performance sensitivity, and a more...
Persistent link: https://www.econbiz.de/10010746551
Many governance reform proposals are based on the view that boards have been too friendly to executives, for example, by awarding them excessive pay. Although boards are often on friendly terms with executives, it is less clear that they have systematically failed to function in the interests of...
Persistent link: https://www.econbiz.de/10011126080