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efficiency of collaboration and the credit allocation that arises after the completion of collaborative work. In this paper, we …
Persistent link: https://www.econbiz.de/10012459704
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …
Persistent link: https://www.econbiz.de/10012453248
This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and … process innovation. There are strong reasons why an efficient economy ought to concentrate both job creation and destruction … policies can restore economic efficiency …
Persistent link: https://www.econbiz.de/10012474151
question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents …
Persistent link: https://www.econbiz.de/10012467591
perspectives: (1) individual level (the degree to which team members specialize vs. work as generalists), (2) activity level (the … degree to which activities are concentrated among few team members vs. distributed among many) and (3) the intersection … explore team-based knowledge production using a newly available type of data - the disclosures of author contributions on …
Persistent link: https://www.econbiz.de/10012456434
Naively present-biased agents are known to be severe procrastinators. In team settings, procrastination can represent a … form of free-riding that, in excess, can jeopardize a team's ability to meet a deadline. Here we show how naivete and … present bias, despite their reputations, can be desirable traits in a teammate, enabling a team to optimize its performance …
Persistent link: https://www.econbiz.de/10012456781
We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the...
Persistent link: https://www.econbiz.de/10012458058
. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory … test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed … models to inform us of the relevant theoretical predictions. In both cases we find that the theory has a fair amount of …
Persistent link: https://www.econbiz.de/10012458656
on the task allocation of the firm's team leaders is large and robust; team leaders increase their non-billable hours and … shift billable hours to team members. Although the motivation for the change in the compensation plan was the multitasking … problem, this change also impacted the way tasks were allocated within each team, resulting in greater teamwork …
Persistent link: https://www.econbiz.de/10012459249
Many founding teams of new firms form at a common employer. We model team formation and the entry of employee spinoffs … by extending the Jovanovic (1979) theory of job matching and employer learning. In our social-capital model employees … spinoff firm. For spinoff firms, our model predicts that the separation hazard is lower among founding team members than among …
Persistent link: https://www.econbiz.de/10012460201