Seminar  |  19.10.2022 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: Exploit or Explore? An Empirical Study of Resource Allocation in Scientific Labs

Ran Zhuo (Harvard University)

Online (auf Einladung, siehe Seminarseite).

Allocating innovation resources to their most productive uses is a challenge for innovators because they have incomplete information about which projects will be most productive. I empirically study how a group of large scientific labs traded off the exploitation of existing opportunities versus the exploration of new ones, that is whether they pursued safe projects to maximize short-term productivity or undertook high-variance projects to acquire information and improve long-term productivity. To recover how these labs made the exploitation-exploration tradeoff, I estimate a dynamic model of decision-making, assuming the labs approximated the value of exploration with a simple index. The type of index is well-studied in theory and well-used in practice but has not been applied to estimation of empirical decision models. The index model captures the labs’ decision-making well. Estimates of its free parameters suggest that the labs explored extensively. Counterfactual simulations show that, had the labs not explored, their output quantity would have decreased by 51%, and their citations would have decreased by 57%.

Ansprechpartner: Michael Rose

Workshop  |  10.10.2022, 09:00  –  11.10.2022, 17:00

CRISPR Green Life Sciences Workshop

Sofitel Munich Bayerpost

auf Einladung

Seminar  |  06.10.2022, 14:00  –  07.10.2022, 18:00

Florence Seminar on Standard-Essential Patents

Gemeinsam mit dem European University Institute - Badia Fiesolana

Das Florentiner Seminar zu standardessentiellen Patenten (SEPs) zielt darauf ab, eine eingehende Diskussion von etwa 14-16 ausgewählten akademischen Beiträgen anzuregen, die sich mit der Lizenzierung und den Rechtsstreitigkeiten im Zusammenhang mit standardessentiellen Patenten befassen. Der Schwerpunkt liegt dabei auf den gesellschaftlichen Auswirkungen der Forschungsergebnisse.

Call for Papers

Bitte reichen Sie erweiterte Kurzfassungen oder vollständige Beiträge bis zum 31. Mai 2022 ein.

Die Annahmebestätigungen werden bis Mitte Juni 2022 verschickt.

Die endgültigen Fassungen der ausgewählten Beiträge sind bis zum 18. September 2022 einzureichen.

Weitere Informationen: Webseite der EUI

Workshop  |  08.09.2022, 09:00  –  09.09.2022, 16:00

Workshop on Data Sharing for Good Health & Well-Being: India’s Way Forward to Achieving Sustainable Development Goal 3

Bengaluru, Indien

auf Einladung

Poster: UNESCO and Sustainable Development Goals
Poster: UNESCO and Sustainable Development Goals

Kontakt: Shraddha Kulhari

Seminar  |  27.07.2022 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: The Big Reveal – Tight Labor Market and Firm-level Disclosure Strategy in Artificial Intelligence Research

Nur Ahmad (MIT)

Online (auf Einladung, siehe Seminarseite)

Different kinds of literature have suggested inconsistent answers to motivations behind a firm’s publications strategy, which, unlike patents, does not afford property rights but rather increases the chances of expropriation. A key unanswered question in the literature is: do firms use publications as an instrument to recruit scientists?  Drawing on the innovation literature, I argue that when a labor market shortage affords scientists higher bargaining power, firms tend to disclose more internal R&D via publications. To test this hypothesis, I use a novel dataset of 200 million job posts and 1.7 million firm-level publications. For identification strategy, I exploit the unanticipated rise of deep learning in AI, which resulted in a shortage of AI talents, and thus, increased scientists’ bargaining power. I demonstrate how human capital bargaining power increases firm-level R&D disclosure. This relationship is particularly salient when firms need highly trained scientists (e.g., PhD holders). Further, I document that AI job posts increase the number of AI publications, but only in the same fields of increased demands. Finally, using a novel methodology, I document that labor shortage did not increase the number of patent-paper pairs or simultaneous disclosure of the same research projects in both patents and papers.

Ansprechpartner: Michael E. Rose

Seminar  |  21.07.2022 | 12:00  –  13:00

Innovation & Entrepreneurship Seminar: Efficient Industrial Policy for Innovation – Standing on the Shoulders of Hidden Giants

Dennis Verhoeven (Bocconi University)

Hybrid (TUM Main Campus/Online)

Gemeinsam mit der TUM, TUM Main Campus, Seminarraum 0505.2544 (Eingang Luisenstraße/Theresienstraße, 2. OG)

Knowledge spillovers drive a wedge between private and social returns to R&D. Efficient innovation policy assigns subsidies to fields where spillovers are relatively important. We develop new measures for the private and spillover value of patented innovations and embed these in a structural microeconomic model to estimate field-specific marginal returns to R&D support. We find that expected returns to subsidy vary strongly by field and country, suggesting that targeted innovation policy has large potential to increase welfare. Because spillovers cross country borders unevenly, supranational coordination of innovation policy offers large potential efficiency gains, especially for smaller countries.

Kontakt: Fabian Gaessler

Seminar  |  13.07.2022 | 14:00  –  16:00

TIME Kolloquium

Lucia Baur (TUM), David Heller (Max-Planck-Institut für Innovation und Wettbewerb) (auf Einladung)

Hybrid (LMU/online)

Intellectual Property as Loan Collateral

Presenter: David Heller (Max Planck-Institut für Innovation und Wettbewerb)

Discussant: Annabelle Haché Harter (TUM)

Technology Governance as Selection Criterion: The Case of Smart Cities

Presenter: Lucia Baur (TUM)

Discussant: Safia Bouacha (ISTO)

Seminar  |  06.07.2022 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: Why Are Connections to Editorial Board Members of Economics Journals Valuable?

Lorenzo Ductor (Universidad de Granada)

Hybrid (313/online) (auf Einladung)

Using novel and large-scale data, we reassess two claims on the effect of a connection to the editorial board of an economics journal and propose a new mechanism. Rather than editors helping departmental colleagues, the connection is particularly beneficial for the joining board members themselves; the impact on departmental colleagues who are not coauthors of the editor is comparatively small. Rather than a marked increase in quality thanks to connections, we find no such increase, if any, there is evidence of favouritism among journals with little editorial board rotation.

Ansprechpartner: Michael E. Rose

Workshop  |  24.06.2022, 09:30  –  25.06.2022, 16:30

Shaping the Internet for the Future

Explorativer Workshop zum Thema Netzneutralität mit vier Panels

Da der Zugang zum Internet für digitale Geschäftsmodelle und Anwendungen unerlässlich ist, ist eine solide Regulierung des Internets von entscheidender Bedeutung für die Förderung der digitalen Innovation und die volle Nutzung der gesellschaftlichen Vorteile der Digitalisierung. Die Regulierung des Internets muss der dynamischen Bewertung von Kommunikationstechnologien, Geschäftsmodellen und Märkten Rechnung tragen. Vor diesem Hintergrund organisiert das Institut einen Workshop, der verschiedene Interessengruppen und Experten zusammenbringt, um ein besseres Verständnis des Internets im Hinblick auf die künftige Regulierung zu entwickeln.

Seminar  |  22.06.2022 | 13:00  –  14:15

Innovation & Entrepreneurship Seminar: Disambiguating Effects of Knowledge versus Demographic “Diversity” in the Innovation Process – Field Experimental Evidence from a Collaborative Product Development Platform

Nilam Kaushik (Indian Institute of Management Bangalore, IIMB)

Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

Recent research and popular debate suggest that there can be a positive relationship between diversity, or differences in team member characteristics, and performance in novel problem-solving. In this study, we take steps to disambiguate the causal effects of knowledge diversity versus demographic diversity (gender, race, age) on innovation performance. We report on a field experiment in which 834 adults engaged in an inherently multi-disciplinary product development problem. Team composition was randomly assigned, as was the degree to which teams were primed to engage in a collaborative orientation and work style. We find that performance effects of knowledge and demographic diversity are—to a striking degree—statistically separate, independent, and qualitatively distinct. Consistent with prior literature, the results indicate largely distinct implications of diversity on knowledge integration versus group problem-solving processes. Apart from this main goal of disambiguating diversity effects most broadly, the study contributes a series of results on causal effects of knowledge, gender, race, and age diversity in a field experimental context.

Ansprechpartnerin: Svenja Friess