McCann, Robert J.; Shi, Xianwen; Siow, Aloysius; … - University of Toronto, Department of Economics - 2012
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 …