Dynamics of knowledge creation and transfer: The two person case
Marcus Berliant () and
MPRA Paper from University Library of Munich, Germany
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)
New Economics Papers: this item is included in nep-hrm, nep-ino, nep-knm and nep-net
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Journal Article: Dynamics of knowledge creation and transfer: The two person case (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4973
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