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SMU SOE Seminar Series (October 9, 2025): Organizational Design in the Knowledge Economy

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TOPIC:

ORGANIZATIONAL DESIGN IN THE KNOWLEDGE ECONOMY

ABSTRACT

We study a principal-agent model of spatial learning. The principal must make decisions across a continuum of problems, but lacks complete knowledge of how each problem maps to its solution. This mapping is represented by the realized path of a Markov process. The principal, facing a fixed number of agents, assigns one problem to each agent, who can privately exert effort to solve the assigned problem. We characterize the optimal assignment of problems to agents and the compensation scheme that robustly implements effort by all agents. The model highlights a trade-off that shapes organizational boundaries in a knowledge economy.

Keywords: Team Incentives, Monitoring, Information Acquisition, Full Implementation.

JEL: D82, D83, D86, L23, L25.

Click here to view the CV.
Click here to view the paper.

PRESENTER

Fei Li
University of North Carolina at Chapel Hill

RESEARCH FIELDS

Economic Theory
Information Economics
Industrial Organization 

DATE:

9 October 2025 (Thu)

TIME:

4:00pm - 5:30pm

VENUE:

Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903

 
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