Fuchs, William; Garicano, Luis - University of California <Berkeley, Calif.>; London … - 2009
When should expertise be shared in markets and when in
firms? Knowl-edge exchanges in the market involve less … information about the quality ofthe provider's expertise, but facilitate good utilization of experts knowledge.In a
rm …-o¤ between fi
rms and marketsis between utilization (the market allows for better, smoother, utilizationof knowledge than
firms …