, efficiency is usually claimed by standard economics as the main goal of competitive firms. This is challenged by management and …: first, it considers redundancy in terms of organizational knowledge, and not in terms of personnel or financial assets or … profitability and that knowledge redundancy can (limitedly) compensate the effects of environmental shocks but not of opportunism …

We incorporate shocks to the efficiency with which firms learn from production activity and accumulate knowledge into … with current TFP, a role usually played by preference shocks. At the same time, knowledge capital acts like an endogenous …

We incorporate shocks to the efficiency with which firms learn from production activity and accumulate knowledge into … with current TFP, a role usually played by preference shocks. At the same time, knowledge capital acts like an endogenous …