(learning how to use the current technology). Exploitation requires the development of organizations to coordinate the work of … experts, which takes time. The costs and benefits of such organizations depend on the cost of communicating and acquiring … through organizations increases relative to the payoff of new radical innovations …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit … specialized task assignments, to very flexible organizations characterized by extensive task bundling, intensive horizontal …