Economies of Scope?
20 March 2007 at 11:32 am Nicolai Foss 3 comments
| Nicolai Foss |
Yesterday’s WSJ features an article on economists’ consulting jobs with (UC Berkeley Professor — and CBS Honorary Doctor) David Teece playing the main role. The article notes that Teece “… doesn’t dispute estimates that his career earnings from expert consulting amount to at least USD 50 million.” Teece has done important work on the role that economies of scope play in explaining diversification (here and here). Is he living his own theory?
HT to Marginal Revolution.
Organizations and Markets 
1.
Peter Klein | 20 March 2007 at 11:42 am
David was a member of my dissertation committee. While very kind and helpful, he was never able to give me very much of his time. Now I have a better idea why.
2.
spostrel | 21 March 2007 at 2:13 pm
Peter should have phrased his requests for comments on paper drafts as “depositons.”
3.
Koen Heimeriks | 30 March 2007 at 5:09 pm
Aren’t genius academics characterized by their ability to live what they teach or in other words to practice what they preach? I’d definitely favor that becoming an elementary part of the university’s HR compensation package….I do wonder how much many of our colleagues would end up earning though…