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Young, Restless and Creative : Openness to Disruption and Creative Innovations
Acemoglu, Daron - 2015
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations—innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013018152
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Young, Restless and Creative : Openness to Disruption and Creative Innovations
Acemoglu, Daron - 2015
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013034169
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Transparency of Information and Coordination in Economies with Investment Complementarities
Angeletos, George-Marios - 2011
transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …
Persistent link: https://www.econbiz.de/10013124660
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Decentralization, Communication, and the Origins of Fluctuations
Angeletos, George-Marios - 2011
uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …
Persistent link: https://www.econbiz.de/10013124854
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Health Information Technology and Patient Outcomes : The Role of Organizational and Informational Complementarities
McCullough, Jeffrey - 2013
affecting IT's value and explore underlying mechanisms through which IT facilitates the coordination of labor inputs. We link … case mix. We decompose the impact of health IT into care coordination, clinical information management, and other … coordination and extensive clinical information management …
Persistent link: https://www.econbiz.de/10013088406
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues …
Persistent link: https://www.econbiz.de/10013091942
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Earnings Inequality and Coordination Costs : Evidence from U.S. Law Firms
Garicano, Luis - 2009
coordination costs fell during this period. We then propose a quot;hierarchical production functionquot; in which output is the … that coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a …
Persistent link: https://www.econbiz.de/10012764834
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Stabilizing Expectations Under Monetary and Fiscal Policy Coordination
Eusepi, Stefano - 2008
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012769881
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Migration State and Welfare State : Competition vs. Coordination in an Economic Union
Razin, Assaf - 2015
We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key … of migration. We argue that the differences between the U.S. and the EU - the degree of coordination among the member …
Persistent link: https://www.econbiz.de/10013014302
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Coordinating Separate Markets for Externalities
Abito, Jose Miguel - 2018
We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market. Firms take into account the distribution of externality prices and reallocate output from markets with high prices...
Persistent link: https://www.econbiz.de/10012922220