search query: @author Stallaert, J. / total: 4
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| Author: | Ba, S. Stallaert, J. Whinston, A. B. |
| Title: | Optimal Investment in Knowledge Within a Firm Using a Market Mechanism |
| Journal: | Management Science
2001 : SEP, VOL. 47:9, p. 1203-1219 |
| Index terms: | KNOWLEDGE INVESTMENT PUBLIC GOODS |
| Language: | eng |
| Abstract: | This paper presents a new double-auction mechanism to handle resource allocation for public goods when complementarity exists. The mechanism is placed in the context of an organization's internal knowledge investment. Knowledge goods have two distinct characteristics. First, knowledge within an organization can be considered a public good, so it is subject to the free-rider problem. Second, knowledge is interrelated and interdependent; that is, there is complementarity among knowledge components. The value of knowledge often derives from a bundle of knowledge components, rather than from its individual pieces. These two characteristics present a serious challenge to allocating organizational resources for knowledge goods. |
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