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- W3137378671 abstract "This paper provides an analysis of what may be seen as a generalized Smithian Theorem that the division of labor is limited by uncertainties, knowledge, and transaction/coordination costs (as well as the extent of the market). The interplay between knowledge and uncertainty on the one hand and progressive specialization on the other, and the implication of inter-occupational difference in human capital investments for the division of labor are further analyzed." @default.
- W3137378671 created "2021-03-29" @default.
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- W3137378671 date "2017-06-08" @default.
- W3137378671 modified "2023-10-18" @default.
- W3137378671 title "Uncertainty, Knowledge, Transaction Costs and the Division of Labor" @default.
- W3137378671 doi "https://doi.org/10.4225/03/5938e431abe83" @default.
- W3137378671 hasPublicationYear "2017" @default.
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