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Can contractual theories of the firm ecplain the existence of knowledge-intensive firms?

Mahnke, Volker - Department of Industrial Economics and Strategy, …

This paper argues that the existence of knowledge-intensive firms pose puzzelments for the contractual theories of the firm. For example, in knowledge-intensive firms physical assets are widely absent, the nature of employment relations and asset-ownership are much less clear compared to...

Persistent link: https://www.econbiz.de/10005760834

The Circulation of Ideas: Firms Versus Markets

Hellmann, Thomas F; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2006

We describe new ideas as incomplete concepts for which the innovator needs feedback from agents with complementary skills. Once shared, ideas may be stolen. We compare how different contractual environments support invention and implementation. Markets, as open exchange systems, are good for...

Persistent link: https://www.econbiz.de/10005789111

Centralizing Information in Networks

Hagenbach, Jeanne - Volkswirtschaftliche Fakultät, … - 2010

Abstract: In the dynamic game we analyze, players are the members of a ?xed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a ?nite number of periods to centralize the initially dispersed items in the hands of any one member...

Persistent link: https://www.econbiz.de/10008543765

Optimal information transmission in organizations: Search and congestion

Arenas, Àlex; Cabrales, Antonio; Díaz-Guilera, Albert; … - Department of Economics and Business, Universitat … - 2003

We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective “specialized solvers” by relying on local information alone. The...

Persistent link: https://www.econbiz.de/10005772236

The Circulation of Ideas in Firms and Markets

Hellman, Thomas; Perotti, Enrico - Fondazione ENI Enrico Mattei (FEEM) - 2010

Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...

Persistent link: https://www.econbiz.de/10008467316

Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing

Grüner, Hans Peter; Schulte, Elisabeth - C.E.P.R. Discussion Papers - 2004

better one of two alternatives only with a certain probability. This Paper compares three different hierarchy designs with … respect to decision quality: two strictly balanced hierarchies and the fastest hierarchy, which is the skip-level reporting … tree proposed by Radner (1993). The latter hierarchy design is found to outperform the two others not only in terms of …

Persistent link: https://www.econbiz.de/10005123798

Information Technology, Efficient Restructuring and the Productivity Puzzle

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007

Labour productivity in the US has recently grown more strongly than in most European countries. It is often argued that the American productivity increase is due to the widespread introduction of new information and communication technologies (ICT). But why have the same technologies not...

Persistent link: https://www.econbiz.de/10005124167

original papers : Project evaluation and organizational form

Gehrig, Thomas; Regibeau, Pierre; Rockett, Kate - In: Review of Economic Design 5 (2000) 2, pp. 177-199

screening units. This allows us to derive sufficient conditions for a polyarchy to dominate a hierarchy. We also find conditions … organizational form will depend on product market conditions and on the "lumpiness" of cost-reducing R&D. …

Persistent link: https://www.econbiz.de/10005596548

DEFINING MANAGEMENT FOR THE TWENTY-FIRST CENTURY

Toma, Sorin George - In: The AMFITEATRU ECONOMIC journal 8 (2006) 19, pp. 122-125

Globalization has brought a new economy, an economy based on a Digital Revolution. Due to the enormous progress of the information technology, the business environment of the twenty-first century is changing rapidly. That is why this turbulent environment requires a new management of...

Persistent link: https://www.econbiz.de/10005453877

Clusters and Knowledge Local Buzz, Global Pipelines and the Process of Knowledge Creation

Bathelt, Harald; Malmberg, Andersand; Maskell, Peter - DRUID, Copenhagen Business School, Department of … - 2002

The paper is concerned with spatial clustering of economic activity and its relation to the spatiality of knowledge creation in various sorts of interactive learning processes. It questions the merit of the prevailing explanatory model where the realm of tacit knowledge transfer is confined to...

Persistent link: https://www.econbiz.de/10005273133