Geographic proximity facilitates acquisition pairing, but firms do not always acquire other firms in proximate regions. This study investigates firms’ spatial choices on knowledge sourcing between hiring their own inventors and acquisitions. We conduct a cost-benefit analysis on internal...

Disputes over maritime boundaries result in inefficient outcomes for all parties to the conflict. The investments required to exploit deep-sea resources are too costly for risk-averse states to attempt to tap into mineral and hydrocarbon deposits beneath disputed boundaries. Consequently, more...

Gender gaps in earnings persist across all regions. For every dollar men make, women make 77 cents. Closing this gap can lead to sizeable gains for economies - an estimated 160 trillion dollars in global gross domestic product (GDP) per capita. A multitude of factors contributes to this gap and...