In this note the author proposes an approach to examine how innovations might arise from a knowledge commons with agents that interact on the basis of their subjective assessment of the relationships between ideas. Two types of knowledge commons emerge from this dynamic - a pure knowledge...

Workers participating in firm-sponsored training receive higher wages as a result. But given that firms pay the majority of costs for training, shouldn't they also benefit? Empirical evidence shows that this is in fact the case. Firm-sponsored training leads to higher productivity levels and...