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• W2562489168 abstract "A formulation of task assignments along with a proprietary specification of know-how replaces the traditional description of production. In the resulting model, the phenomenon of internal organization reflects the necessarily partial role of the price system in an expanded description of resource allocation, in contrast to the view that internal organization is evidence of the price system's deficiency. The employment contract, where workers agree to take direction from an employer, is based on the employer's know-how, the payment to the employer reflecting the value of proprietary knowledge. From the appropriation perspective, restraints on shirking are adaptations allowing the employer to appropriate a greater fraction of the value of know-how, rather than the essence of the employ- ment contract. The relation between ownership and control and oppor- tunistic issues underlying the hold-up problem are similarly addressed as variations on the theme of appropriability." @default.
• W2562489168 created "2017-01-06" @default.
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• W2562489168 creator A5051494504 @default.
• W2562489168 date "2014-01-01" @default.
• W2562489168 modified "2023-09-26" @default.
• W2562489168 title "Competititve Appropriation with Special Reference to Know-how" @default.
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• W2562489168 hasPublicationYear "2014" @default.
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