Seminar  |  09/23/2020 | 5:00 p.m.  –  6:15 p.m.

Innovation & Entrepreneurship Seminar: The Dark Side of Patents – Effects of Strategic Patenting on Firms and Their Peers

Maria Kurakina (University of Utah)

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

This paper analyses the effect of strategic patenting on firm and competitor performance, productivity, innovative output and market concentration. Using a novel definition of strategic patenting, this paper finds a positive effect of strategic patenting on market concentration. The results for the patentee show a positive effect of profit growth, and positive but significantly smaller contribution of strategic patenting to total factor productivity compared to novel technological patents. In contrast, peers suffer from a decrease in total factor productivity, innovative output and both profit and sales growth following strategic patenting by the focal firm. These findings suggest a conflict between patent policies designed to promote innovation while still providing incentives for the firms to capture market share and defend monopolistic positions.

Contact Person: David Heller

Seminar  |  09/30/2020 | 4:30 p.m.  –  5:45 p.m.

Innovation & Entrepreneurship Seminar: Measuring the Direction of Innovation – Frontier Tools in Unassisted Machine Learning

Florenta Teodoridis (USC Marshall) and Jeff Furman (Boston University & NBER)

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

Understanding the factors affecting the direction of innovation is a central aim of research in the economics and strategic management of innovation. Progress on this topic has been inhibited by difficulties in measuring the location and movement of innovation in ideas space. We introduce and explore an approach based on an unassisted machine learning technique, Hierarchical Dirichlet Process (HDP), that flexibly generates categories from a corpus of text and enables calculations of the distance and movement in ideas space. We apply our algorithm to patent abstracts from the period 2000-2018 and demonstrate that, relative to the USPTO taxonomy of patent classes, our algorithm provides a leading indicator of a shift in innovation topics and enables a more precise analysis of movement in ideas space.

Contact Person: Michael E. Rose

Seminar  |  10/21/2020 | 3:00 p.m.  –  4:15 p.m.

Innovation & Entrepreneurship Seminar: Patent Office Reform and Drug Pricing

Melissa Wasserman (UT Austin) and Michael Frakes (Duke University)

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

Contact: Lucy Xiaolu Wang

Seminar  |  11/04/2020 | 4:00 p.m.  –  5:15 p.m.

Innovation & Entrepreneurship Seminar: Innovative Ideas and Gender Inequality

Marlène Koffi (University of Toronto)

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

This paper analyzes the recognition of women’s innovative ideas. Bibliometric data from research in economics are used to investigate gender biases in citation patterns. Based on deep learning and machine learning techniques, one can (1) establish the similarities between papers (2) build a link between articles by identifying the papers citing, cited and that should be cited. This study finds that, on average, a paper omits almost half of related prior papers. There are, however, substantial heterogeneities among the authors. In fact, omitted papers are 15% to 30% more likely to be female-authored than male-authored. First, the most likely to be omitted are papers written by women (solo, mostly female team) working at mid-tier institutions, publishing in non-top journals. In a group of related papers, the probability of omission of those papers increases by 6 percentage points compared to men in similar affiliation when the citing authors are only males. Overall, for similar papers, having at least one female author reduces the probability of omitting other women’s papers by up to 10 percentage points, whereas having only male authors increases the probability of being omitted by almost 4 percentage points. Second, the omission bias is twice as high in theoretical fields that involve mathematical economics than it is in applied fields such as education and health economics. Third, men benefit twice as much as women from publishing in a top journal, in terms of likelihood of being omitted. Lastly, being omitted with respect to past publications affects future productivity and reduces the probability of getting published in a top journal. Finally, peer effects and more editorial board diversity tend to counteract and reduce the omission bias.

Contact Person: Marina Chugunova

Workshop  |  12/17/2020, 9:00 a.m.  –  12/18/2020, 4:00 p.m.

RISE – 3rd Research on Innovation, Science and Entrepreneurship Workshop

Keynote: Rosemarie Ziedonis (Boston University & NBER)

On 17/18 December 2020, the Max Planck Institute for Innovation and Competition will host the 3rd Research on Innovation, Science and Entrepreneurship Workshop, an annual workshop for Ph.D. students and Junior Post-docs in Economics and Management.

The goal of the RISE3 Workshop is to stimulate an in-depth discussion of a select number of empirical research papers. It offers Ph.D. students and Junior Post-docs an opportunity to present their work and to receive feedback.

Keynote speaker of the RISE3 Workshop is Rosemarie Ziedonis (Boston University & NBER).

Get the Call for papers here.
See RISE Workshop.

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 call for papers will be released in late 2020. The program will be available in the spring of 2021. More information on the MSI website.