Tacit knowledge utilization and transfer in organizations are critical for maintaining a competitive advantage and for successful cooperation, in the case of educational institutions. Acquiring, extracting and transferring tacit knowledge are difficult tasks, due to the complexity of the tacit...

This article criticises the ‘knowledge inheritance theory of distributive justice’ presented by Gar Alperovitz and Lew Daly in their Unjust Deserts: How the Rich Are Taking Our Common Inheritance and Why We Should Take It Back; Wealth and Inequality in the Knowledge Economy (New York: The...

Information arrives at securities markets through price quotes and trades. Informed traders impose adverse-selection costs on quote suppliers. This creates incentives for the latter to identify relatively uninformed groups and trade with them off-exchange. The marketplace turns hybrid, at the...

Dispute is an integral part of human existence. There is bound to be a disagreement in every human relationship. Whenever there is human interaction, dispute is inevitable. The different means of dispute resolution include litigation, arbitration, mediation, and negotiation. While litigation...

This paper examines the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from the pharmaceutical industry, we show that novel drug candidates generate more dynamic spillovers than incremental ones. That is, despite being more likely to fail in the...

A few cities perform a high share of research and development (R&D) in the United States. If R&D generates local knowledge spillovers, then the social returns to R&D may vary across cities and the geographic distribution of researchers may be inefficient. Equally important, but less well...

Specialized knowledge-generating jobs comprise close to one fifth of employment and one fourth of the wage bill in French manufacturing firms. These jobs gained importance over the period 1999- 2015 at the cost of production-related jobs. Conditioning on firm size and shares of management...