Showing 1 - 10 of 308
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/10013150291
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/10013237924
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/10012754104
This paper develops a theory of dynamic pessimism and its impact on asset prices. Notions of time-varying pessimism arise endogenously in our setting as a consequence of agents’ concern for model misspecification. We generalize the robust control approach of Hansen and Sargent (2001) by...
Persistent link: https://www.econbiz.de/10013297584
for retirement. Many respondents display limited knowledge and understanding of public and company-provided retirement … remainder of their lifetimes, many do not possess enough basic financial knowledge to confidently make optimal choices …
Persistent link: https://www.econbiz.de/10013134999
Consider an environment where long-lived experts repeatedly interact with short-lived customers. In periods when an expert is hired, she chooses between providing a profitable major treatment or a less profitable minor treatment. The expert has private information about which treatment best...
Persistent link: https://www.econbiz.de/10013160339
state of knowledge on the topic. The mechanics of statistical inference suggest that such initial findings, even when robust …
Persistent link: https://www.econbiz.de/10012957994
technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers …. I introduce a framework for measuring international knowledge spillovers at the firm level, and I use this framework to … directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct …
Persistent link: https://www.econbiz.de/10013226164
While the cumulative nature of knowledge is recognized as central to economic growth, the microeconomic foundations of … and knowledge of high intrinsic quality. Second, an institution may have a marginal impact -- an incremental influence on … cumulativeness, conditional on the type and quality of knowledge considered. This paper distinguishes these effects in the context of …
Persistent link: https://www.econbiz.de/10012760633
university scientists in which valuable tacit knowledge is transferred in both directions. We provide suggestive evidence that …-tech firms have adopted a strategy of operating near the edge of the scientific envelope where high levels of tacit knowledge …
Persistent link: https://www.econbiz.de/10013052123