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Knowledge-based Hierarchies: Using Organizations to Understand the Economy
Garicano, Luis; Rossi-Hansberg, Esteban - Centre for Economic Performance, LSE - 2014
We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into … knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms …
Persistent link: https://www.econbiz.de/10010938555
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ORGANIZATION AND INEQUALITY IN A KNOWLEDGE ECONOMY
Garicano, Luis; Rossi-Hansberg, Esteban - London School of Economics and Political Science - 2006
We present an equilibrium theory of the organization of work in an economywhere knowledge is an essential input in … designed to use and communicate their knowledge efficiently. Relativeto autarky, organization leads to larger cross … acquire knowledge lead to opposite implicationson wage inequality and organization than reductions in communication costs.[...] …
Persistent link: https://www.econbiz.de/10008860694
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The Knowledge Economy at the turn of the Twentieth Century: the Emergence of Hierarchies
Garicano, Luis; Rossi-Hansberg, Esteban - London School of Economics and Political Science - 2006
The knowledge economy is nothing new. As Chandler’s (1977) classic study documents,improvements in communication …
Persistent link: https://www.econbiz.de/10008860695
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OFFSHORING IN A KNOWLEDGE ECONOMY
Antràs, Pol; Garicano, Luis; Rossi-Hansberg, Esteban - London School of Economics and Political Science - 2006
How does the formation of cross-country teams affect the organization of workand the structure of wages? To study this question, we propose a theory of theassignment of heterogeneous agents into hierarchical teams, where less skilledagents specialize in production and more skilled agents...
Persistent link: https://www.econbiz.de/10008860696
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The Returns to Knowledge Hierarchies
Garicano, Luis; Hubbard, Thomas N. - London School of Economics and Political Science; … - 2008
Hierarchies allow individuals to leverage their knowledge through others` time.This mechanism increases productivity … andorganization of U.S. lawyers and use an equilibrium model of knowledge hierarchiesinspired by Garicano and Rossi-Hansberg (2006) to …
Persistent link: https://www.econbiz.de/10008860706
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Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints
Garicano, Luis; Steinwender, Claudia - Centre for Economic Performance, LSE - 2013
We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that demand shocks affect short and long run investments similarly, credit shocks...
Persistent link: https://www.econbiz.de/10010711338