nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2017‒02‒19
five papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. The Derived Demand for Knowledge By Antonelli, Cristiano
  2. Mobile information and communication technologies, flexible work organization and labor productivity: Firm-level evidence By Viete, Steffen; Erdsiek, Daniel
  3. A Simple Model of University-Industry Research Linkages and the Sharing Principle Under Uncertainty By James P. Gander
  5. The Quest for Status and R&D-based Growth By Prettner, Klaus; Hof, Franz

  1. By: Antonelli, Cristiano (University of Turin)
    Abstract: This paper calls attention on the effects of the economic properties of knowledge on its derived demand, an issue that has not received enough attention in the literature. The results of the analysis suggests that, because of the idiosyncratic -Arrovian- properties of knowledge, a chain of effects takes place: i) in downstream markets the price of goods that have been produced using knowledge as an intermediate good, falls, ii) consequently the derived demand in upstream knowledge markets –both within corporations and by them to knowledge intensive business services (KIBS) - has a lower position, and iii) the price of knowledge is lower than it should be were knowledge a standard good traded in competitive markets, iv) with negative consequences in terms of adverse selection of large scale high quality research projects, but v) possible compensating effects stemming from the use of knowledge spillovers to generate cheaper knowledge. Such results have important implications for economic policy discussions and decisions.
    Date: 2016–07
  2. By: Viete, Steffen; Erdsiek, Daniel
    Abstract: Mobile information and communication technologies (ICT) have started to diffuse rapidly in the business sector. This study tests for the complementarity between the use of mobile ICT and organizational practices providing workplace flexibility. We hypothesize that mobile ICT can create value if organizational practices grant employees appropriate autonomy over when, where and how to perform work-related tasks. Our data set comprises 1132 German service firms and provides information on the share of employees that have been equipped with mobile devices which allow for wireless internet access, such as notebooks, tablets and smartphones. Workplace flexibility is measured in terms of firms’ use of working from home arrangements, working time accounts, and trust-based working time. Within a production function framework, we find that the use of mobile ICT is associated with a productivity premium only in firms granting workplace flexibility by means of trust-based working time. Robustness checks suggest that our results are not driven by ICT-skill complementarity or by complementarity of mobile ICT with multiple alternative modern management practices.
    JEL: D22 L22 O33
    Date: 2016
  3. By: James P. Gander
    Abstract: This paper presents an intuitive model of university-industry (hereafter, UI) research linkages (or collaborations), focusing on the sharing principle under uncertainty. The paper draws from an earlier more complicated dynamic control theory model, but it differs in that it brings into the analysis of UI technical knowledge production and transfer the role of uncertainty (randomness) and the benefits of the principle of sharing. The main focus is to show how and why the principle of sharing under uncertainty benefits all entities involved in the technical knowledge production and transfer process, even if some entities experience research failure. Some problems associated with randomness are discussed. Operational aspects and policy value are also briefly discussed.
    Keywords: university-industry, uncertainty, cooperation, sharing, knowledge transfer JEL Classification: 030, 031, 032, 033
    Date: 2017
  4. By: Ana Pérez-Luño (Department of Business Organization and Marketing, Universidad Pablo de Olavide); Ana Bojica (Department of Business Organization and Marketing, Universidad de Granada); Shanthi Gopalakrishnan (School of Management, New Jersey Institute of Technology)
    Abstract: Innovation has become the cornerstone for achieving high performance and competitive advantage and is currently one of the principal topics of debate in the management literature. In order to develop innovations, ?rms need to deal with complex knowledge that comes from its different areas or departments through cross-functional integration. Using a unique sample of Spanish wineries, this paper shows that cross-functional integration moderates innovation- firm’s performance relationship, and that this moderation is conditioned by the degree of organizational knowledge complexity. These findings add to the innovation literature, showing that cross-functional integration has a direct positive relationship with firm performance, but a negative moderating effect on the relationship between product innovation and firm performance. However, this negative effect remains consistent only when the degree of knowledge complexity the organization has to manage is low and becomes positive (although not significant) when the degree of organizational knowledge complexity is high.
    Keywords: Knowledge strategy, structuration, depth, breadth, alliance, biotechnology
    Date: 2017–01
  5. By: Prettner, Klaus; Hof, Franz
    Abstract: We analyze the impact of status preferences on technological progress and long-run economic growth. For this purpose, we extend the standard relative wealth approach by allowing the two components of the representative household's wealth, physical capital and shares, to differ with respect to their status relevance. Relative wealth preferences imply that the effective rate of return of saving in the form of a particular asset is the sum of its market rate of return and its status-related extra return. It is shown that the status relevance of shares is of crucial importance: First, an increase in the intensity of the quest for status raises the steady-state economic growth rate only if the status-related extra return of shares is strictly positive. Second, for any given degree of status consciousness, the long-run economic growth rate depends positively on the relative status relevance of shares. Third, while in the standard model the decentralized long-run economic growth rate is less than its socially optimal counterpart, the wealth externalities in our model counterbalance this distortion to some extent provided that shares matter for status.
    JEL: D31 O30 O10
    Date: 2016

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