Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94651
Authors: 
Franco, April Mitchell
Filson, Darren
Year of Publication: 
2000
Series/Report no.: 
Claremont Colleges Working Papers in Economics 2000-61
Abstract: 
In high-tech industries, one important method of diffusion is through employee mobility: many of the entering firms are started by employees from incumbent firms using some of their former employers' technological know-how. This paper explores the effect of incorporating this mechanism in a general industry framework by allowing employees to imitate their employers' know-how. The equilibrium is Pareto optimal since the employees 'pay' for the possibility of learning their employers' know-how. The model's implications are consistent with data from the rigid disk drive industry. These implications concern the effects of know-how on firm formation and survival.
Subjects: 
socio-political instability
endogenous growth
public investment
political economy of growth
JEL: 
P16
E62
O40
Document Type: 
Working Paper

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