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Knowledge-Based Hierarchies: Using Organizations to Understand the Economy

Luis Garicano () and Esteban Rossi-Hansberg ()

Annual Review of Economics, 2015, vol. 7, issue 1, 1-30

Abstract: Incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues such as the evolution of wage inequality, the growth and productivity of firms, economic development, and the gains from international trade, as well as offshoring and the formation of international production teams. We also review the nascent empirical literature that has, so far, confirmed the importance of organizational decisions and many of their more salient implications.

Keywords: firms; inequality; skill premium; span of control; wages (search for similar items in EconPapers)
JEL-codes: D31 L23 D83 (search for similar items in EconPapers)
Date: 2015
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Related works:
Working Paper: Knowledge-based Hierarchies: Using Organizations to Understand the Economy (2014) Downloads
Working Paper: Knowledge-based hierarchies: using organizations to understand the economy (2014) Downloads
Working Paper: Knowledge-based Hierarchies: Using Organizations to Understand the Economy (2014) Downloads
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