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knowledge's complementarity with other knowledge and its norm represents its potential economic value. -- knowledge ; innovation …This paper draws attention to two important characteristics of knowledge which so far have been left unexplored, and …
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bigger role. It weakens the case for local knowledge spillovers to explain innovative clustering. -- knowledge ; innovation … and the importance of knowledge and uncertainty in innovative production even when knowledge is fully exclusive and … appropriable. This motive for clustering will be stronger the more important new knowledge in the industry. It thereby helps to …
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We study a search model where workers can send multiple applications to high and low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that there is a unique equilibrium where workers mix between sending both applications...
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In this paper we study the allocation of workers over high and low productivity firms in a labor market with coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms. Firms that compete for the same candidate can increase...
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This paper proposes a new approach to modeling heterogeneous human capital using task data from the Dictionary of Occupational Titles. The key feature of the model is that it departs from the Roy model, which treats occupations as distinct categories, and conceives of occupa-tions as bundles of...
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utilization within and across sectors can spur new ideas and promote technological innovation. We provide a novel growth model …
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The 45 region by 50 commodity by 5 primary factor version of the GTAP database provides us with the splits of total labor payments into two categories, viz. skilled and unskilled labor in each sector. The decomposition of total labor payments in all sectors and all regions according to...
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