ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Transferring Personalised Knowledge-Guru s Dilemma

Bequest motives, imperfect capital market and lack of state patronage adversely affect the socially optimal degree of knowledge transfer. In fact the transition from a concentric patronage system to the market-based incentives in the absence of supportive insurance schemes could be detrimental to the healthy preservation of such a culture.

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