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of the population. We model the social interactions according to Game Theory. The population is, therefore, composed by …
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individuals have heterogeneous social and cognitive skills. In the model, there are gains to specialization and team production …, but specialization requires communication and coordination between team members, and individuals with more social skills … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
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individuals have heterogeneous social and cognitive skills. In the model, there are gains to specialization and team production …, but specialization requires communication and coordination between team members, and individuals with more social skills … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
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