Showing 1 - 10 of 87
How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational … firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign affiliates in … either embodied (traded intermediates) or disembodied form (direct communication). Knowledge transfer costs interact with the …
Persistent link: https://www.econbiz.de/10012463140
The rate of regional growth of new knowledge in the field of nanotechnology, as measured by counts of articles and … stocks of recorded knowledge in all scientific fields, and the extent to which tacit knowledge in all fields flows between … patenting. The data provide further support for the cumulative advantage model of knowledge production, and for ongoing efforts …
Persistent link: https://www.econbiz.de/10012465992
Commercializing knowledge involves transfer from discovering scientists to those who will develop it commercially. New … opportunities if high. Hence new knowledge remains naturally excludable and appropriable. Team production allows more knowledge … capture of tacit, complex discoveries by firm scientists. A robust indicator of a firm's tacit knowledge capture (and strong …
Persistent link: https://www.econbiz.de/10012470219
'Expert System' that model human reasoning by managing knowledge' close to the way it is handled by human language, provides a …
Persistent link: https://www.econbiz.de/10012470248
Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children to ourselves that leaves our children and, indeed, all our descendants - worse off?
Persistent link: https://www.econbiz.de/10012460031
It is sometimes said that an effect of the COVID-19 pandemic will be heightened appreciation of the importance of scientific research and expertise. We test this hypothesis by examining how exposure to previous epidemics affected trust in science and scientists. Building on the "impressionable...
Persistent link: https://www.econbiz.de/10012482331
Consider an environment where long-lived experts repeatedly interact with short-lived customers. In periods when an … appropriate. We find that there exists an equilibrium in which experts always play truthfully and choose the customer's preferred …If experts have private information regarding their own payoffs as well as what treatments are appropriate, then there …
Persistent link: https://www.econbiz.de/10012463727
In this paper we study the complete evolution of a final-offer arbitration system used in New Jersey with data we have systematically collected over the 18-year life of the program. Covering the wages of police officers and firefighters, this system provides virtually a laboratory setting for...
Persistent link: https://www.econbiz.de/10012467496
We show that personal experiences of inflation strongly influence the hawkish or dovish leanings of central bankers. For all members of the Federal Open Market Committee (FOMC) since 1951, we estimate an adaptive learning rule based on their lifetime inflation data. The resulting...
Persistent link: https://www.econbiz.de/10012455453
behavioral experts regarding the effectiveness of the treatments, allowing us to compare results to expectations. We find that (i … compare the results to forecasts by 208 experts. On average, the experts anticipate several key features, like the … effectiveness of psychological motivators. A sizeable share of experts, however, expects crowd-out, probability weighting, and pure …
Persistent link: https://www.econbiz.de/10012456482