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Governance Choice For Knowledge Creation And Sharing

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  • Bagrat Yerznkyan

Abstract

A conceptual approach to the governance choice at the micro-level, relevant to the specific type of knowledge, is presented. It is based on the idea that the more basic is the type of knowledge the less available it is for the consumer and hence the less are opportunities for its transfer by the market mechanism. Each type of knowledge requires its adequate governance. The more this accordance, the less is the friction for knowledge creation and sharing mechanism operation, hence the less is the transaction cost, minimizing of which can be served as one of the possible criteria for choosing adequate governance.

Suggested Citation

  • Bagrat Yerznkyan, 2008. "Governance Choice For Knowledge Creation And Sharing," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 4(8), pages 53-59.
  • Handle: RePEc:mje:mjejnl:v:4:y:2008:i:8:p:53-59
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
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    Cited by:

    1. Bagrat Yerznkyan, 2012. "Institutional Economics At The Crossroads: A View From Russia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(1), pages 27-45.

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