Division of Work and Fragmented Information: An Explanation for the Diminishing Marginal Product of Labor
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More about this item
KeywordsDiminishing marginal product; Division of work; Division of labor; The experience curve effect; The quantity of information; Entropy;
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2014-06-02 (All new papers)
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