production of academic knowledge. Using data from the MIT Department of Biology for the period 1970-2000, we analyze the … trainee's laboratory. We interpret these results in light of the following two paradigms: the increased burden of knowledge …

increasing team sizes in science. For identification, we exploit the collapse of the USSR as an exogenous shock to the knowledge …We conduct the first empirical test of the knowledge burden hypothesis, one of several theories advanced to explain … frontier causing a sudden release of previously hidden research. We report evidence that team size increased disproportionately …

This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …

coordination costs fell during this period. We then propose a "hierarchical production function" in which output is the product of … coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a partner's skill …

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with … is the likelihood of expectations-driven instability. More generally, regardless of agents' knowledge of the policy …

expect more coordination outside of their local areas are more responsive to the effects of time zones …

Global games of regime change -- that is, coordination games of incomplete information in which a status quo is … the interaction between the arrival of information over time and the endogenous change in beliefs induced by the knowledge …

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 …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …