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Jonathan Libgober (same handle on other places)

@JlibDoesEcon

AP in Econ at @USCDornsife. I do Information Economics & more. Best friend of Spinoza (Nosik) Petrov-Libgober.
Los Angeles, CA jonlib.com Joined September 2016
1.7K Following 2.5K Followers 6.6K Posts

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Jonathan Libgober (same handle on other places) @JlibDoesEcon
One of the most fascinating questions in all of economics
Martin Beraja @MartinBeraja 5d
Why do firms exist?

The organization-science classics of the 1990s gave an answer that we, economists, have barely explored: firms are not just about economizing on transaction costs, but about building and diffusing knowledge — and firms know more than they can tell.

AI is making many of these ideas newly relevant. And there is an opportunity to bring them into economics, with formal models and empirical discipline.

This was the theme of Session 6 of our @UCBerkeley PhD reading group. We discussed Kogut & Zander's "Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology" (1992), Nonaka's "A Dynamic Theory of Organizational Knowledge Creation" (1994), and March's "Exploration and Exploitation in Organizational Learning" (1991).
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