| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11138 |
| DP11138 Relational Knowledge Transfers | |
| Luis Garicano; Luis Rayo | |
| 发表日期 | 2016-03-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | An expert with general knowledge trains a cash-constrained novice. Faster training increases the novices productivity and his ability to compensate the expert; it also shrinks the stock of knowledge yet to be transferred, reducing the experts ability to retain the novice. The pro t-maximizing agreement is a multi-period apprenticeship in which knowledge is transferred gradually over time. The expert adopts a ¹/ₑ rulewhereby, at the beginning of the relationship, the novice is trained just enough to produce a fraction ¹/ₑ of the efficient output. This rule causes inefficiently lengthy relationships that grow longer the more patient the players. We discuss policy interventions. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | General human capital International joint ventures Relational contracts |
| URL | https://cepr.org/publications/dp11138 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539971 |
| 推荐引用方式 GB/T 7714 | Luis Garicano,Luis Rayo. DP11138 Relational Knowledge Transfers. 2016. |
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