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As knowledge becomes an increasingly important part of regional innovation and development processes, the role of … become the bases of commercialisable knowledge is too heavy, and that Wales should consider establishing a series of publicly …
Persistent link: https://www.econbiz.de/10014190640
Modelling is one of the key methods of scientific cognition in economics. It is a simplification of the existing reality with a view to its further study. The modeling method is so established in eco- nomic science that modern economic theory is completely defined by models as some formal...
Persistent link: https://www.econbiz.de/10012844859
We examine the relationship between scientific knowledge and the legal system with a focus on the exclusion of expert …
Persistent link: https://www.econbiz.de/10014515197
Hayek's (1945) elaboration of the difficulty of aggregating diffuse private knowledge is the best-known articulation of … the knowledge problem, and is an example of the difficulty of coordinating individual plans and choices in the ubiquitous … and unavoidable presence of dispersed, private, subjective knowledge; prices communicate some of this private knowledge …
Persistent link: https://www.econbiz.de/10014173191
The paper discusses the implications of considering any piece of knowledge as composed by a chain of explanations, and …, consequently, of assuming as goal of scientific research the production of new knowledge in the form of novel, or better …, explanations. This perspective provides a consistent framework to interpret the activities related to knowledge creation and leads …
Persistent link: https://www.econbiz.de/10014122848
Geographical clusters of innovative activity are mediums for the efficient transfer of tacit knowledge and its … thermodynamic theory, that models the tradeoff between fixed costs and variable costs. We identify tacit knowledge as noise … sensitive "high-fixed-cost knowledge" and demonstrate with the help of the analytical framework that it is more efficiently …
Persistent link: https://www.econbiz.de/10014127594
, has always considered sets of individuals with assumed characteristics, namely the level of knowledge, although in an … individuals, was characterised by a certain level of knowledge that, indeed, could be associated with the one of its …, since the very first economic models of the government, it was assumed that the level of knowledge of society, represented …
Persistent link: https://www.econbiz.de/10011502970
Persistent link: https://www.econbiz.de/10010531911
Persistent link: https://www.econbiz.de/10011283885
Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong … correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the … other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance …
Persistent link: https://www.econbiz.de/10011378339