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255 events found.

Seminar  |  05/14/2019  |  12:00 PM

Preview: Brown Bag Seminar with Lorenzo Ductor Gomez (Middlesex University)

12:00 - 1:30 p.m., Max Planck Institute for Innovation and Competition, Munich, Room 313

More information follows.

Seminar  |  05/07/2019  |  12:00 PM

Preview: Brown Bag Seminar with Bauke Visser (Erasmus University Rotterdam)

12:00 - 1:30 p.m., Max Planck Institute for Innovation and Competition, Munich, Room 313

More information follows.

Seminar  |  01/09/2019  |  12:00 PM

Preview: Brown Bag Seminar with Katrin Hussinger (Université de Luxembourg)

12:00 - 1:30 p.m., Max Planck Institute for Innovation and Competition, Munich, Room 313

More information follows.

Workshop  |  12/10/2018  —  12/11/2018

Junior Researcher Workshop 2018

12 p.m., Max Planck Institute for Innovation and Competition, Room E10

From 10 to 11 December 2018, the Max Planck Institute for Innovation and Competition will organize the first junior researcher workshop:

From Science to Innovation

The goal of the workshop is to stimulate a rigorous in-depth discussion of a number of selected research papers. It offers PhD students and junior Post-docs an opportunity to present their work, receive feedback and connect with peers from other departments. Each paper will be discussed by a discussant. The workshop will be held at the Max Planck Institute for Innovation and Competition, room E10.

The workshop will focus on the following areas:

  • Economics of Science and Innovation
    • Human Capital in the Science Production Function
    • Financial Incentives in Science
    • Corporate Strategy to Access Scientific Knowledge
    • Organization of Innovation within Firms
    • Knowledge Spillovers between Firms

  • Legal Analysis of Knowledge Approbability
    • Knowledge Approbability in R&D Partnerships
    • Big Data Ownership and Accessability

We are happy to announce Jeff Furman (Boston University & NBER) as our keynote speaker who will also provide feedback during sessions.

The full program will be available here from beginning of November 2018 onwards. Should you be interested in attending the workshop without paper presentation, please contact us directly no later than October 31. There is only a small number of places available.

Further information
Any questions concerning the From Science to Innovation workshop should be directed to Dennis Byrski.

Seminar  |  11/27/2018  |  12:00 PM

Brown Bag Seminar: Patents, Trade Secrets and the Diffusion of Artificial Intelligence

12:00 - 01:30 p.m., Andreas Panagopoulos (University of Crete)

Max Planck Institute for Innovation and Competition, Munich, Room 313

 Considering that both patents and trade secrets can promote knowledge diffusion via licensing, we compare patents and secrets on the way they facilitate diffusion through non-exclusive licensing. This comparison is important because AI algorithms are not patentable. Patents differ from trade secrets on the easiness of imitation when licensed to many downstream producers. In view of this, we argue that secrets are better in defending one’s monopoly under the threat of imitation, inducing market failure on the diffusion of AI. We also find a non-linear relationship between patent strength and the diffusion of ideas, i.e., patents of intermediate patent strength are best as diffusion instruments.

Contact: Dr. Fabian Gaessler

Seminar  |  11/21/2018  |  12:00 PM

Brown Bag Seminar: Optimal Patent Policy for the Pharmaceutical Industry

12:00 - 1:30 p.m., Olena Izhak (Düsseldorf Institute for Competition Economics)

Max Planck Institute for Innovation and Competition, Munich, Room 313

We theoretically derive a simple rule for the optimal patent breadth and duration of pharmaceutical patents. The rule requires only data on generic firms’ investments in imitation prior to the expiry of originator patents. We then test the rule using a unique patent level data set from the US. Paragraph IV challenges offer a clear metric of imitation and patent term extensions create the variation in patent term. Using two quasi-experimental approaches and newly constructed data, we document that extending patent length increases incentives to imitate whereas broadening patents reduces these incentives. Our results together suggest that effective terms of new drug patents should be made shorter and delays in commercialization of new drugs should be compensated by increasing breadth.

Contact: Felix Poege

Seminar  |  11/13/2018  |  12:00 PM

Brown Bag Seminar: The Impact of Financial Resources on Corporate Inventions

12:00 - 1:30 p.m., David Heller (Goethe University Frankfurt)

Max-Planck-Institut für Innovation und Wettbewerb, München, Raum 313

The effects of increases in external funding on firm-level patenting are empirically investigated. Results indicate that the impact of finance on inventive activities is more multilayered than commonly suggested. In fact, changes in the level of funding affect value-relevant characteristics of patents filed. In a quasi-natural experimental setup, staggered and country-specific legislative amendments of the European financial market harmonization during the 2000s are utilized as an exogenous shift improving firms’ access to funding. First, it will be shown that financial integration leads to increased bank lending to ex ante financially constrained firms. Second, it will be analyzed whether affected firms changed their patenting activities. The finding is that increased funding is associated with more patents in quantitative terms but of lower average technological quality and value. Further, affected firms alternate towards filing fewer explorative (i.e., impactful and generally applicable) but rather incremental patents. By providing new insights on the relation between finance and firm-level inventions, the results therefore suggest that it is important to acknowledge potentially diverse effects arising from improved access to funding.

Contact Person: Zhaoxin Pu

Seminar  |  11/06/2018  |  12:00 PM

Brown Bag Seminar: Knowledge Spillovers From Clean and Dirty Technologies

12:00 - 1:30 p.m., Myra Mohnen (University of Essex)

Government policy in support of innovation often varies across technology areas. An important example are climate change policies that typically try to support so called clean technologies that avoid greenhouse gas pollution and hamper dirty technologies that are associated with polluting emissions. At the margin, private returns of R&D investments in different areas should be equalized. Hence, shifting the composition of R&D activities by a policy intervention will only have a meaningful impact on economic outcomes if the external returns differ. This paper compares innovation spillovers between clean, dirty and other emerging technologies using patent citation data. We develop a new methodology to capture knowledge spillovers using the Google’s Page rank algorithm. Exploring a wide range of robustness checks we consistently find up to 60% higher levels of spillovers from clean technologies. We also use firm-level financial data to investigate the impact of knowledge spillovers on firms’ market value and find that marginal economic value of spillovers from clean technologies is also greater.

Contact: Dr. Fabian Gaessler 

Seminar  |  10/30/2018  |  12:00 PM

Brown Bag Seminar: Do the Rules Play the Game? SEP License Negotiations Under Evolving Regulation

12:00 - 1:30 p.m., Justine Bulkaert (Université de Liège)

Max Planck Institute for Innovation and Competition, Munich, Room 313

The goal of this paper is to analyze whether the policy changes that have occurred in the European SEP licensing regulation affect the way agents negotiate SEP licenses with each other. In fact, the European SEP licensing regulation landscape has gone through three major policy changes since 2009: the Orange book standard (only Germany), the Samsung/Motorola decisions (EU-wide) and the Huawei v. ZTE judgement (EU-wide). Even though these reforms sought the same objective – namely sustaining innovation, healthy competition and protecting consumers from monopoly power – their means are, to some extent, quite divergent. Whilst the first policy change established rather strict conditions on the patent implementers, the second one reversed the situation completely, providing a safe harbour to patent users. In an attempt to clarify the issues raised by such a drastic reversal, the third policy change attempts to reach a balance between the previous two regulations, in order to provide a fair environment to the contracting parties.

We apply a simple Nash bargaining environment to SEP license negotiations in order to study how the changing institutions affect the outcome of such negotiations. By parameterizing policy changes, we are able to see how these alter the disagreement points of the negotiation game and, potentially, define the feasible bargaining range of successful negotiations.

Contact: Dr. Fabian Gaessler

Seminar  |  10/23/2018  |  12:00 PM

Brown Bag Seminar: Is Time on Our Side? On the Benefits of Committing to Charities

12:00 - 1:30 p.m., Marina Chugunova (Max Planck Institute for Innovation and Competition)

Max Planck Institute for Innovation and Competition, Munich, Room 313

In this paper, we consider how the timing of a donation decision relative to the production of disposable income affects charitable giving.In a real-effort laboratory experiment with a subsistence income constraint, we study the willingness to donate, the amounts donated as well as the change in labor supply of donors triggered by giving. We find that more people donate if the decision to donate is made before production as a binding pledge. We elaborate on the mechanism that channels the increase in performance. Our results suggest that a commitment to giving is a viable strategy for raising charitable funds. (joint with Andreas Nicklisch and Kai-Uwe Schnapp)