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Discussion Paper Details

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Title: The Macroeconomics of Knowledge Management: Internal Hold-Up versus Technological Competition

Author(s): Mathias Thoenig and Thierry Verdier

Publication Date: October 2004

Keyword(s): growth hold-up, hard-soft information, knowledge management and organizational design

Programme Area(s): Industrial Organization and Labour Economics

Abstract: This Paper investigates the links between the nature of contractual relationships within firms, the strength of information flows spreading between firms and the dynamics of technological competition. At the firm level, we focus on the corporate incentives to design Knowledge Management policies based on soft versus hard information flows. At the aggregate level, knowledge spillovers are endogenous and feedback effects on macroeconomic growth are investigated.

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Bibliographic Reference

Thoenig, M and Verdier, T. 2004. 'The Macroeconomics of Knowledge Management: Internal Hold-Up versus Technological Competition'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4710