This paper surveys selectively several contributions to the understanding of how cooperatives may cope with the interplay between meritocracy and efficiency when public decisions are taking by voting and the supply of labor is freely decided by each member. This outlines the main trade-off faced...

The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them...

"The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them...