We study the economics of employment relationships through theoretical and empirical analyses of an unusual set of firms, large law firms. Our point of departure is the property rightsʺ approach that emphasizes the centrality of ownership’s legal rights to control important, nonhuman assets...

Purpose: The purpose of this paper is to develop a framework for the strategic management of knowledge resources by analysing various research literatures. Also, it aims to extend the traditional financial focus of organisational performance to include knowledge resources and also provide...

Can an increasing importance of intangible capital explain increases in markups and profits? I use a heterogeneous firm model to show how intangible capital, characterized by fixed costs and uncertainty, is related to markups and profits at the industry level. The scalability and uncertainty...

We study the economics of employment relationships through theoretical and empirical analyses of an unusual set of firms, large law firms. Our point of departure is the property rights approach that emphasizes the centrality of ownership's legal rights to control important, nonhuman assets of...