1,050,580 research outputs found

    Knowledge and Technology – Implications for a strategic Design – Croatian Case

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    Globalization and internationalization processes continuously increase the quantity of information. All the information is quickly and easily accessible, and the problem is no longer scarcity of information, but its surplus. Economists need to be active and creative in solving this new problem, which requires new knowledge and competences. People have to master the skill of rapid acquisition of new knowledge and forgetting the obsolete information. The increasingly dominant knowledge of economics requires a new design of knowledge structure. In economics, knowledge is not only a product, nor only a new business opportunity, but also a critical framework for developing specialized scientific information. Companies today require predominantly applicative solutions to their problems. The implementation of the Bologna process in education of economists is under way at the Faculty of Economics in Osijek. The initial experience has opened up the possibility to redesign the education process into a life-long learning process for economists. The transition process should define Croatia as a small country successfully participating in the creation and exploitation of common knowledge and technology.Knowledge, Technology, Croatian case

    Regional Learning Networks in Medium-Tech Technologies and European Integration

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    The paper aims at investigating the transfer of tacit knowledge both at the regional and at the interregional level and it focuses on the factors and forms of the processes of interactive learning between small and medium size in medium technology sectors. The analysis proceeds from the contributions of four strands of literature, focusing on economics of agglomeration, cognitive economics, industrial strategic alliances and governance in a knowledge economy. While industrial economics interprets technology spill-over at the local level as an automatic and chaotic process allowed by geographical proximity of the firms, regional economics identifies different specific types of flows and networks, which link together in an organized way the various firms and other private and public actors within a given regional innovation system. Cognitive economics may bring a significant contribution, as it considers the relevance for economics of human cognitive aspects and it discovers the key role in the creation of new ideas of selected factors, such as the stimulus by changes in the external environment, the process of “neurognosis†or negative reaction aiming to the protection of the internal integrity, the search process constrained by cognitive proximity, the success in pattern making and the achievement of consistency and compatability, the process of “exaptation†or reconversion leading to path-dependency, the creation of new connections and routines and institutions, which allows to save the limited cognitive capacity of individuals and organizations. This theoretical framework in the analysis of the processes of knowledge creation may be schematically represented through the model of “Territorial Knowledge Managementâ€, which aims at promoting the interactive learning processes within the regional innovation systems and focuses on a selected list of knowledge levers, such as: market orientation, accessibility, receptiveness, common identity, creativity and governance. On the base of these theoretical concepts and tools, the paper analyses various case studies of firms embedded in different industrial clusters in Europe, focusing on the forms of the process of interactive learning and innovation between the various regional actors. Finally, the paper attempts to derive from that analysis useful indications for the possible extension of knowledge and innovation networks at the interregional and international level and for decreasing the regional divide in a modern knowledge economy. The research has been undertaken within the framework of the project: “IKINET – International Knowledge and Innovation Network†(EU FP6, N° CIT2-CT-2004-506242). Keywords: knowledge creation, interactive learning processes, industrial clusters, innovation policies, European integration, medium technology sectors, small and medium size firms.

    Some aspects of random utility, extreme value theory and multinomial logit models

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    In this paper we give a survey on some basic ideas related to random utility, extreme value theory and multinomial logit models. These ideas are well known within the field of spatial economics, but do not appear to be common knowledge to researchers in probability theory. The purpose of the paper is to try to bridge this gap.Random utility theory; extreme value theory; multinomial logit models; entropy.

    Heterogeneity, distribution, and cooperation in common property resource management

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    The report considers the role of group heterogeneity in the success or failure of common property resource management. The author argues that cooperative agreements are less likely to come about when agents are highly heterogeneous along relevant dimensions - and existing agreements are more likely to break down as a group becomes more heterogeneous. The author crystallizes his argument in simple numerical examples and illustrates by reference to case studies on common property resource management, in particular, cases involving fisheries and irrigation systems. More work is needed to substantiate the author's argument, but his analysis so far supports the argument that equity and efficiency complement rather than oppose each other.Agricultural Research,Agricultural Knowledge&Information Systems,Poverty Assessment,Common Property Resource Development,Environmental Economics&Policies

    External technology supply and client-side innovation

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    Flexibility in response to competitive pressure from globalized markets and increasingly individualized customer desires has become vital for firms. A common strategy to address this challenge is to employ a dynamic concept of organization and reach beyond the boundaries of the firm. Accordingly, technology transfer from providers of knowledge intensive business services attracts more and more attention. In this context we focus on external supply of information technology and client-side innovation. The aim of this paper is to contribute to resolving an empirical puzzle arising from the prior literature. Some authors find beneficial effects of IT outsourcing, others underline that firms often fail to achieve expected strategic goals. Our stylized theoretical model combines a knowledge production function framework and transaction cost economics. We hypothesize that the right balance between internal and external knowledge is critical for innovation. The empirical application is German firm-level data covering a wide range of industries from 2003 to 2006. Our results largely support the theoretical arguments and suggest a positive linear relationship between the level of outsourcing and process innovation. For product innovation we find a hump-shape. --knowledge production function,transaction cost economics,product innovation,process innovation,KIBS,IT outsourcing,ZEW ICT survey

    Trade, standards, and the political economy of genetically modified food

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    A common-agency lobbying model is developed to help understand why North America and the European Union have adopted such different policies toward genetically modified (GM) food. Results show that when firms (in this case farmers) lobby policy makers to influence standards and consumers and environmentalists care about the choice of standard, it is possible that increased competition from abroad can lead to strategic incentives to raise standards, not just lower them as shown in earlier models. We show that differences in comparative advantage in the adoption of GM crops may be sufficient to explain the trans-Atlantic difference in GM policies. On the one hand, farmers in a country with a comparative advantage in GM technology can gain a strategic cost advantage by lobbying for lax controls on GM production and usage at home and abroad. On the other hand, when faced with greater competition, the optimal response of farmers in countries with a comparative disadvantage in GM adoption may be to lobby for more-stringent GM standards. Thus it is rational for producers in the EU (whose relatively small farms would enjoy less gains from the new biotechnology than broad-acre American farms) to reject GM technologies if that enables them and/or consumer and environmental lobbyists to argue for restraints on imports from GM-adopting countries. This theoretical proposition is supported by numerical results from a global general equilibrium model of GM adoption in America without and with an EU moratorium.Agricultural Knowledge&Information Systems,Environmental Economics&Policies,Economic Theory&Research,Labor Policies,Health Economics&Finance,Environmental Economics&Policies,Economic Theory&Research,Agricultural Knowledge&Information Systems,Crops&Crop Management Systems,Health Economics&Finance

    The "New" Economic Theories

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    This paper has two main goals. The first is to study the links between the “new” economic theories, this is, the “new” trade theory, the “new” growth theory and the “new” economic geography. These are three apparently distinct strands of economics, yet they have a common motivation: the role of increasing returns and the consequent market structure (imperfect/monopolistic competition). The second goal is to present the “new” economic theories as case studies in what concerns the debate over modelling and its role in the progress of economics. Since these theories contribute fundamentally by applying new modelling techniques to old real world problems, they add something to economic knowledge to the extent that we accept formalisation as a source of progress in economics.Krugman, new growth theory, new trade theory, new economic geography, history of economic thought.

    Patronage, Reputation and Common Agency Contracting in the Scientific Revolution: From Keeping 'Nature's Secrets' to the Institutionalization of 'Open Science'

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    This essay examines the economics of patronage in the production of knowledge and its influence upon the historical formation of key elements in the ethos and organizational structure of publicly funded open science. The emergence during the late sixteenth and early seventeenth centuries of the idea and practice of “open science" was a distinctive and vital organizational aspect of the Scientific Revolution. It represented a break from the previously dominant ethos of secrecy in the pursuit of Nature’s Secrets, to a new set of norms, incentives, and organizational structures that reinforced scientific researchers' commitments to rapid disclosure of new knowledge. The rise of “cooperative rivalries” in the revelation of new knowledge, is seen as a functional response to heightened asymmetric information problems posed for the Renaissance system of court-patronage of the arts and sciences; pre-existing informational asymmetries had been exacerbated by the claims of mathematicians and the increasing practical reliance upon new mathematical techniques in a variety of “contexts of application.” Reputational competition among Europe’s noble patrons motivated much of their efforts to attract to their courts the most prestigious natural philosophers, was no less crucial in the workings of that system than was the concern among their would-be clients to raise their peer-based reputational status. In late Renaissance Europe, the feudal legacy of fragmented political authority had resulted in relations between noble patrons and their savant-clients that resembled the situation modern economists describe as "common agency contracting in substitutes" -- competition among incompletely informed principals for the dedicated services of multiple agents. These conditions tended to result in more favorable contract terms (especially with regard to autonomy and financial support) for the agent-client members of the nascent scientific communities. This left the new scientists better positioned to retain larger information rents on their specialized knowledge, which in turn tended to encourage entry into the emerging disciplines. They also were thereby enabled collectively to develop a stronger degree of professional autonomy for their programs of inquiry within increasingly specialized and formal scientific academies which, during the latter seventeenth century, attracted the patronage of rival absolutist States in Western Europe.open science, new economics of science, economics of institutions, patronage, asymmetric information, principal-agent problems, common agency contracting, social networks, 'invisible colleges', scientific academies

    Jean Tirole, Economics for the Common Good

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    Abstract. The economics discipline is a dynamic, foundational field in the social sciences. With a host of scholars eager to share the knowledge they create with the general public, the discipline addresses how scarce resources are allocated to meet human needs and objectives. Since resources are scarce and societies have to make tradeoffs between competing ends, economics offers a unique set of tools to address many of society’s most pressing concerns. Furthermore, it is common that once a scholar wins a Nobel Prize in economics that they produce a book for a broader public audience to explain their ideas.Keywords. Role of economics, History of economic thought, Economic methodology.JEL. A10, B00, B40
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