Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire …

This paper provides the first in-depth study of the organization of knowledge in multinational firms. The paper … transferees confirms the model predictions for multinationals' organization of knowledge. Data on German multinational firms … develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production …

accessing useful knowledge by adopting, producing, and diffusing new ideas. Combining location information for the universe of 3 … arose through agglomeration economies and localized knowledge spillovers. To support this claim, we provide evidence … the same society had higher similarity in patenting, suggesting that social networks facilitated spatial knowledge …

How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions … organization of all establishments of a firm. Our model is consistent with novel facts about multi-establishment firm organization … organization. Our findings imply that local conditions propagate across space through firm organization. …

' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that only when knowledge … markups, falling labor share and productivity growth. Patents are an important obstacle to knowledge diffusion. We find an …

demand. The former learning effect, combined with the latter real-options effect, adversely affect firms' entry decisions and …

bargaining framework within which works councils are embedded, and also by allowing for works council learning. It is reported …

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …

the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …