nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2023‒05‒15
four papers chosen by
Laura Nicola-Gavrila
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Factor Substitution Possibilities, Labor Share Dynamics, and Inequality in an Age of Intangibles By Adnan Velic
  2. Share to Scare: Technology Sharing in the Absence of Strong Intellectual Property Rights By Jos Jansen
  3. How does the knowledge accumulation process affect Vietnamese entrepreneurs’ success likelihood? By Nguyen, Minh-Hoang; Quang-Loc, Nguyen; Nguyen, Loan; Le, Tam-Tri; Phi, Xuan-Tuan; Vuong, Quan-Hoang
  4. Perception of Public Libraries as Substantive Knowledge Organizations By Chatterjee, Sidharta; Samanta, Mousumi; Dey, Sujoy

  1. By: Adnan Velic (Technological University Dublin)
    Abstract: We examine the economy-wide degree of substitutability between intangible capital and other factor inputs in production using a large sample of advanced countries. In this context, we turn to studying the implications of intangible and tangible capital growth for labor income share dynamics. Compared to tangible capital, we find that intangible capital more strongly complements skilled labor. The analysis further indicates relative fungibility between tangible capital and a composite of intangible capital and skilled labor, in line with the rising prominence of knowledge-intensive tasks and AI-driven online platforms. The intrinsic nature of intangibles and their asymmetric effects across skilled and unskilled labor productivity based on our substitution elasticities suggest that intangible capital growth increases income inequality more aggressively.
    Keywords: factor substitution, skills, laborincomeshares, (in)tangiblecapital, incomeinequality, management, productivity, growth
    JEL: E2 J2 J3 O3 O4
    Date: 2023–04
  2. By: Jos Jansen (Department of Economics and Business Economics, Aarhus University)
    Abstract: I study the incentives of Cournot duopolists to share their technologies with their competitor in markets where intellectual property rights are absent and imitation is costless. The trade-off between a signaling effect and an expropriation effect determines the technology-sharing incentives. In equilibrium, there tends to be at most one firm that shares technologies. For similar technology distributions, there exists an equilibrium in which nobody shares. If the technology distributions are skewed towards efficient technologies, then there may exist equilibria in which one firm shares all technologies, only the best technologies, or only intermediate technologies. Further, I consider several extensions.
    Keywords: Cournot duopoly, strategic disclosure, indivisibility, innovation, trade secret, open source, skewed distribution
    JEL: D82 L13 L17 O32 O34
    Date: 2023–05–03
  3. By: Nguyen, Minh-Hoang; Quang-Loc, Nguyen; Nguyen, Loan; Le, Tam-Tri; Phi, Xuan-Tuan; Vuong, Quan-Hoang
    Abstract: The nationwide economic reform in 1986 transformed Vietnam from a centrally planned economy to a socialist-oriented market economy. Entrepreneurs and entrepreneurial spirits within the populace are suggested to fuel the structural changes. Despite the importance of entrepreneurship in Vietnam’s economy, studies in Vietnam mainly pay attention to the practical aspects of entrepreneurial activities and neglect the cognitive and theoretical aspects of entrepreneurship. Thus, the current study employs the information-processing perspective of the Mindsponge Theory to explore how entrepreneurs’ knowledge accumulation can affect their perceived likelihood of business success. Bayesian analysis indicates that business-related experience positively affects entrepreneurs’ business success likelihood. Greater willingness/readiness to transform thinking, acting, and beliefs can improve the business success of entrepreneurs who study others’ failures carefully. However, for entrepreneurs who perceive learning from others’ failures as unnecessary, higher willingness/readiness to transform diminishes their chance of success. Based on these findings, we recommend Vietnamese entrepreneurs accumulate knowledge through experience, learning, and an open mind for better decision-making and innovation creation capabilities. However, the learning process should be selective.
    Date: 2023–04–04
  4. By: Chatterjee, Sidharta; Samanta, Mousumi; Dey, Sujoy
    Abstract: In this paper, we examine how public libraries promote development of good reading habits among the users who come to access for information. It explores how far–in this digital age, public and academic libraries are able to meet the information needs of society. By developing a theoretical model of access to and usage of information based on axioms that set forth the role of public libraries in the services of society, we attempt to examine and analyze how PLs promote adult literacy drive that have positive contribution to society. Community public library systems are thus examined and their role model clearly decimated. We find that public libraries have still much relevance in supporting readers and promoting literacy drive. Our thinking is that, public libraries can aptly be considered as institutions of national importance in imparting education and knowledge to patrons which is necessary for the growth of learned society.
    Keywords: Education, public libraries, literacy drive, user access, knowledge society
    JEL: L3 Y8 Z1
    Date: 2023–04–23

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