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

51 Pages Posted: 30 Dec 2004

See all articles by Mathias Thoenig

Mathias Thoenig

Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS); Centre for Economic Policy Research (CEPR); University of Geneva - Department of Political Economics

Thierry Verdier

Paris School of Economics (PSE); Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics; Centre for Economic Policy Research (CEPR)

Date Written: October 2004

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.

Keywords: Knowledge management, organizational design, hard-soft information, growth hold-up

JEL Classification: L16, L20, O30, O33

Suggested Citation

Thoenig, Mathias and Verdier, Thierry, The Macroeconomics of Knowledge Management: Internal Hold-Up Versus Technological Competition (October 2004). Available at SSRN: https://ssrn.com/abstract=641584

Mathias Thoenig (Contact Author)

Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) ( email )

28, rue des Saints-Peres
75007 Paris
France
+33 1 4313 6380 (Phone)
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Centre for Economic Policy Research (CEPR)

London
United Kingdom

University of Geneva - Department of Political Economics ( email )

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Geneva 4, CH-1211
Switzerland
+41 22 379 8274 (Phone)
+41 22 379 8293 (Fax)

Thierry Verdier

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014
France

Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics ( email )

Rua Marques de Sao Vicente, 225/206F
Rio de Janeiro, RJ 22453
Brazil

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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