We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … commercialize university inventions. Moreover, abstract knowledge advances per se elicit little or no response. Our findings …

We present a theory of the organization of work in an economy where knowledge is an essential input in production: a … knowledge economy. In this economy a continuum of agents with heterogeneous skills must choose how much knowledge to acquire and … may produce on their own or in organizations. Our theory generates an assignment of workers to positions, a wage structure …