Fuchs, William; Garicano, Luis; Rayo, Luis - In: Review of Economic Studies 82 (2015) 2, pp. 632-658
We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which … informational problems, since both the difficulty of the questions posed to consultants and the knowledge of those consultants are … intermediate knowledge) cannot be appropriately excluded from the market. However, an ex ante, firm-like contractual arrangement …