Learning about the nature of production from equilibrium assignment patterns

• Published in: Journal of economic behavior & organization Vol. 84; no. 1; pp. 136 - 153
• Main Authors: Garicano, Luis, Hubbard, Thomas N.
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.09.2012; Elsevier Sequoia S.A
• Subjects: Assignment; Assignment problem; Businesses; Complementarity; Earnings; Economic behaviour; Economic equilibrium; Economic organization; Equilibrium; Hierarchies; Hierarchy; Income distribution; Insight; Lawyers; Learning; Production functions; Sensitivity; Skills; Studies; U.S.A; United States > US; Assignment; Lawyers; Hierarchies; Earnings

► Equilibrium assignment determines organization and the earnings distribution. ► We summarize and extend the literature on equilibrium assignment and organization. ► We analyze how production functions generate different assignment patterns. ► We examine unique data on US lawyers. ► We infer produc...