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.
Bagrat Yerznkyan. "Governance Choice For Knowledge Creation And Sharing." Montenegrin Journal of Economics. vol. 4, no. 8, 2008, p. 53-59
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