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We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10012918220
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10011865317
Persistent link: https://www.econbiz.de/10013455038
By including the effects of learning over time on both the production of components and their integration into complete products, we develop an engineering-based model of outsourcing. This model provides an alternative explanation for much of what other outsourcing theories predict, as well as...
Persistent link: https://www.econbiz.de/10013119851
A corporation's offshore outsourcing may be seen as the result of a discrete, strategic decision taken in response to an increasing pressure from worldwide competition. However, empirical evidence of a representative cross-sector sample of international Danish firms indicates that offshore...
Persistent link: https://www.econbiz.de/10014051188
This paper presents a critical overview of some recent attempts at building formal models of organizations as information-processing and problem-solving entities. We distinguish between two classes of models according to two distinct objects of analysis. The first class includes models mainly...
Persistent link: https://www.econbiz.de/10014042720
Persistent link: https://www.econbiz.de/10011577274
Markets for knowledge are increasingly important to innovation, competitive advantage, and economic growth. This paper … examines five distinct markets through which knowledge can be exchanged: the market for codified knowledge (licensing), the … market for tacit knowledge (alliances), the market for encapsulated knowledge (sale/purchase of sophisticated products), the …
Persistent link: https://www.econbiz.de/10012052420
This work, which shall contribute to the Fest "A Just Society: Honouring Joseph Stiglitz", discusses a major unifying theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and coordination hurdles. In his analysis Joe is in many respects a...
Persistent link: https://www.econbiz.de/10011458677
become approximate common-knowledge. In contrast, if the agents' observations come from a countably infinite signal space …
Persistent link: https://www.econbiz.de/10012776664