Dynamics of knowledge creation and transfer: The two person case

Marcus Berliant and Masahisa Fujita

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents a micro-model of knowledge creation and transfer for a couple. Our model incorporates two key aspects of the cooperative process of knowledge creation: (i) heterogeneity of people in their state of knowledge is essential for successful cooperation in the joint creation of new ideas, while (ii) the very process of cooperative knowledge creation affects the heterogeneity of people through the accumulation of knowledge in common. The model features myopic agents in a pure externality model of interaction. In the two person case, we show that the equilibrium process tends to result in the accumulation of too much knowledge in common compared to the most productive state. Equilibrium paths are found analytically, and they are a discontinuous function of initial heterogeneity.

Keywords: knowledge creation; knowledge transfer; knowledge externalities; endogenous agent heterogeneity (search for similar items in EconPapers)
JEL-codes: D83 O31 R11 (search for similar items in EconPapers)
Date: 2007-09-18
New Economics Papers: this item is included in nep-hrm, nep-ino, nep-knm and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/4973/1/MPRA_paper_4973.pdf original version (application/pdf)

Related works:
Journal Article: Dynamics of knowledge creation and transfer: The two person case (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4973

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().