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

Author

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  • Thoenig, Mathias
  • Verdier, Thierry

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.

Suggested Citation

  • Thoenig, Mathias & Verdier, Thierry, 2004. "The Macroeconomics of Knowledge Management: Internal Hold-Up versus Technological Competition," CEPR Discussion Papers 4710, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:4710
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    Cited by:

    1. Maik T. Schneider, 2007. "Knowledge Codification and Endogenous Growth," CER-ETH Economics working paper series 07/65, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.

    More about this item

    Keywords

    growth hold-up; hard-soft information; knowledge management; organizational design;

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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