Seminar  |  05/19/2021 | 3:00 p.m.  –  4:15 p.m.

Innovation & Entrepreneurship Seminar: Welfare Effects of R&D Policies

Otto Toivanen (Aalto University)


Seminars currently take place in online format (see seminar page).

We conduct a welfare analysis of R&D subsidies and tax credits incorporating externalities, limited R&D participation and financial market imperfections, estimating the model using Finnish R&D project level data. Firms with no immediate R&D history face more severe financial market imperfections than firms with a history of R&D. The intensive, not the extensive margin of R&D is important for policy. Financial market imperfections play no role in determining R&D. Tax credits and subsidies increase R&D investments compared to laissez-faire but less than first best. Neither R&D support policy improves welfare. (Joint work with Tuomas Takalo, Bank of Finland, and Tanja Tanayama, EIB) 


Contact: Rainer Widmann

Seminar  |  05/26/2021 | 2:00 p.m.  –  3:15 p.m.

Innovation & Entrepreneurship Seminar: Burying the Hatchet? How Competition Affects the Performance Benefits of Diversity

Giada Di Stefano (Bocconi University)


Seminars currently take place in online format (see seminar page).

Abstract follows soon.


Contact Person: Lucy Xiaolu Wang

Conference  |  06/07/2021, 9:00 a.m.  –  06/09/2021, 6:00 p.m.

Munich Summer Institute 2021

The Munich Summer Institute 2021 will take place from 7 to 9 June 2021. The program will be available in the spring of 2021. More information on the MSI website.

Workshop  |  06/09/2021, 9:30 a.m.  –  06/10/2021, 4:00 p.m.

IP Laws’ Game Changers? The Cases of IoT and AI Technologies

Max Planck Law Teaching Session with Begoña Gonzalez Otero
(Registration required)

Begona Gonzalez Otero
Begoña Gonzalez Otero

We are facing what some have described as a period of the most radical exponential change in human history. The overlapping emergence of new technologies, including the Internet of Things and Artificial Intelligence, point towards a disturbing scenario in which many of our well established certainties are broken into millions of pieces. Intellectual property is not immune to these challenges. As a tool to encourage innovation and competition in the marketplace, any intellectual property system should be aligned with the development of big-data, AI, and other hybridization technologies. But an intellectual property system also must contribute to sustainable development goals.


The course will examine in a holistic manner the impact emerging technologies and new hybrid technologies may have on intellectual property systems


9 June 2021
The first day will focus on the context of society and markets in which technological disruptions occur and will identify the main challenges of data-driven technologies to innovation and competition.


10 June 2021
The second day will look at the legal and policy challenges, rolling out the two cases (IoT and AI) across the IP landscape.


Participants are encouraged to think beforehand of one example about what they may consider an innovation in their field of expertise that has been motivated by the use of IoT or AI technologies.


In-person if possible or hybrid format.


Please register by 17.00 CET on 3 April 2021.


Webpage of Begoña Gonzalez Otero

Workshop  |  09/03/2021, 2:00 p.m.  –  09/04/2021, 1:30 p.m.

Intellectual Property Law-Making as Line (Re-)Drawing

Max Planck Law Teaching Session with Daria Kim
(Registration required)

Policy- and law-making in the field of intellectual property (IP) is essentially about drawing a line between non-excludable and excludable, free or subject to remuneration, use of results of human intellectual activity. The rationales for such boundaries stem from various theories about innovation, creativity, and social wellbeing.  The question of where to draw a line thus becomes a matter of balancing competing interests and policy objectives.Policy- and law-making in the field of intellectual property (IP) is essentially about drawing a line between non-excludable and excludable, free or subject to remuneration, use of results of human intellectual activity. The rationales for such boundaries stem from various theories about innovation, creativity, and social wellbeing.  The question of where to draw a line thus becomes a matter of balancing competing interests and policy objectives.


The workshop will explore the challenges of this exercise and illustrate them by initiatives of the European Commission in the field of EU IP law. It will stimulate participants to view IP law and policy as a “work in progress,” rather than being “cast in stone,” and to think critically about how IP frameworks might be improved.


3 September 2021 – 14.00 to 17:30

  • Theoretical foundations of IP law
  • Critical perspectives on IP


4 September 2021 – 10.00 to 13.30

  • IP policy levers
  • IP law from a law-in-social-context perspective


In-person if possible or hybrid format


Enrollment: Maximum 25 Participants


Please register by 17.00 CET on 3 July 2021.


Webpage of Daria Kim