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The MIT Faculty has made this article openly available. Please share how this access benefits you. Your story matters. Abstract Oliver Williamson is the founder and chief developer of transaction-cost economics (TCE). In this brief essay, on the occasion of his Nobel Memorial Prize, I offer a partial discussion of Williamson's contributions by first… (More)
2012 NBER Organizational Economics Working Group meeting for their helpful comments and suggestions. Abstract We propose a theory of production and allocation of human capital in …rms that focuses on the role of line managers, who both invest time to mentor junior employees, and acquire information about the juniors'abilities that is valuable for job… (More)
This article provides an overview of issues relating to the use of knowledge by development organisations. It starts by exploring the various definitions of knowledge that exist in a world of many cultures and intellectual traditions, and the role of language. It considers their relationship with each other and with the many and varied 'informational… (More)