, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast …, large hierarchical firms with multiple layers of management are at a comparative advantage when information can be … costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …

We present a theory of the organization of work in an economy where knowledge is an essential input in production: a … may produce on their own or in organizations. Our theory generates an assignment of workers to positions, a wage structure … referral markets. We use our theory to study the impact of information and communication technology, and contrast its …

remote management leads to a transformation of the equilibrium urban and industrial structure. Cities shift from specializing …

fundamental driver of the business model of the bank itself, as reflected in the management of the bank's own balance sheet. Using … complex families have a markedly lower lending sensitivity to funding shocks. The balance sheet management strategies of banks …

secure persistently superior performance via investments in better management and organization. We empirically analyze the … management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel …