Innovation Economics

Eleventh Annual Conference on Innovation Economics

Thursday, June 21-22, 2018

This conference is co-sponsored by the United States Patent and Trademark Office.

Registration

Attendance for this conference is by invitation only and there is no registration fee to attend. To request an invitation, please send an email with your full professional contact information to searlecenter@law.northwestern.edu.

Agenda (pdf)

 

Papers

Session One—Patents and Information

Patents, Data Exclusivity, and the Development of New Drugs
Fabian Gaessler, Max Planck Institute for Innovation and Competition
Stefan Wagner, ESMT European School of Management and Technology

Innovation under Risk and Ambiguity
Abraham Ravid, Sy Syms School of Business, Yeshiva University
Gabriela Coiculescu, Sy Syms School of Business, Yeshiva University
Yehuda Izhakian, Zicklin School of Business, Baruch College

A Wonderland after Alice: Abstraction and Uncertainty of Patentability
Nicholas Pairolero, United States Patent and Trademark Office
Jesse Frumkin, United States Patent and Trademark Office
Asrat Tesfayesus, United States Patent and Trademark Office
Andrew A. Toole, United States Patent and Trademark Office

Notice Failure Revisited: Evidence on the Use of Virtual Patent Marking
Gaétan de Rassenfosse, Chair of Innovation and IP Policy, College of Management of Technology, Ecole polytechnique fédérale de Lausanne

 

Session Two— Innovation in the Long Run 

The Long-Run Impact of New Medical Ideas on Cancer Survival and Mortality
Frank R. Lichtenberg, Columbia University

Ideas-Driven Endogenous Growth and Standard-Essential Patents
Andrei Kirilenko, Imperial College Business School, Imperial College Business School
Albina Neklyudova-Khairullina, Ecole polytechnique fédérale de Lausanne
Artem Neklyudov, University of Lausanne and SFI
Christopher Tucci, Ecole polytechnique fédérale de Lausanne

 

Parallel Session Three A—Intellectual Property and Incentives

Optimal Patent Protection with Sequential and Complementary Innovations
Piercarlo Zanchettin, University of Leicester School of Business
Vincenzo Denicolò, University of Bologna and CEPR

Verifying High Quality: Entry for Sale
Pehr-Johan Norbäck, Research Institute of Industrial Economics (IFN)
Lars Persson
, Research Institute of Industrial Economics (IFN) and CEPR
Roger Svensson, Research Institute of Industrial Economics (IFN)

Sequel Firm Creation and Moral Hazard in Teams
Pierre Mella-Barral, Toulouse Business School, University of Toulouse
Hamid Sabourian, University of Cambridge

Optimal Standards of Proof for Non-Obviousness and Infringement
Ezra Friedman, Northwestern Pritzker School of Law
Abraham L. Wickelgren, University of Texas School of Law

 

Parallel Session Three B—Location, Location, Location

Innovation Below North Dakota
Zack Liu, C.T. Bauer College of Business, University of Houston
Avishai Schiff, University of Texas, Austin
Nathan Swem, Economist, Board of Governors, Federal Reserve System

Technological Opportunity and the Locus of Innovation: Airmail, Aircraft, and Local Capabilities
Robert Seamans, Leonard N. Stern School of Business, New York University
Eunhee Sohn, Scheller College of Business, Georgia Institute of Technology
Daniel B. Sands, Leonard N. Stern School of Business, New York University

Double Marginalization in the Pricing of Complements: The Case of U.S. Freight Railroads
Alexei Alexandrov
Russell Pittman, U.S. Department of Justice
Olga Ukhaneva, Georgetown University

Thinking Outside the Box: Cross-border Effects of Tax Cuts for Intellectual Property
Maximilian Todtenhaupt, University of Mannheim and ZEW
Thomas Schwab, University of Mannheim, WU Vienna and ZEW*

 

Session Four—Innovation and Intellectual Property

Intellectual Contract
Daniel F. Spulber, Kellogg School of Management, Northwestern University

How Does Product Liability Risk Affect Innovation? Evidence From Medical Implants
Hong Luo, Harvard Business School
Alberto Galasso, Rotman School of Management, University of Toronto

The Elasticity of Science
Kyle Myers, National Bureau of Economic Research

Intellectual Property Use and Firm Performance: The Case of Chile
Christian Helmers, Santa Clara University
Carsten Fink, World Intellectual Property Organization
Bronwyn H. Hall, Department of Economics, University of California, Berkeley

Easy to Keep, But Hard to Find: How Patentable Inventions Are Being Kept Secret
David T. Angenendt, Department of Economics, University of Bologna

 

Parallel Session Five AScience and Experience

The Value of Insiders: Evidence from the Effects of NSF Rotators on Early Career Scientists
Christos Kolympiris, Warwick Business School, University of Warwick
Sebastian Hoenen, Rotterdam School of Management 

Amateurs
Kevin Boudreau, Northeastern University and NBER

Science Is Shaped by Wikipedia: Evidence from a Randomized Control Trial
Neil Thompson, MIT Sloan School of Management
Douglas Hanley, University of Pittsburgh

 

Parallel Session Five BFinancing Innovation and Entrepreneurship

Off-Balance Sheet Securitization, Bank Lending, and Corporate Innovation
Zhaoxia Xu, School of Banking and Finance, UNSW Business School*
Yiwei Dou, New York University

Herding in Equity Crowdfunding
Thomas Åstebro, HEC Paris
Manuel Fernández, Economics Department, Oxford University
Stefano Lovo, HEC Paris
Nir Vulkan, Said Business School, Oxford University

Competition in the Venture Capital Market and the Success of Startup Companies: Theory and Evidence (available to conference participants upon request)
Suting Hong, School of Entrepreneurship and Management, ShanghaiTech University
Konstantinos Serfes
, School of Economics, LeBow College of Business, Drexel University
Veikko Thiele, Smith School of Business, Queen’s University

 

Session Six—Patents

How Redeployable are Patent Assets? Evidence from Failed Startups
Carlos J. Serrano, Universitat Pompeu Fabra and Barcelona GSE
Rosemarie Ziedonis, Questrom School of Business, Boston University and NBER

Getting International Patents: Does the Quality of Patent Attorney Matter?
Beth Webster, Swinburne University of Technology, Melbourne, Australia
Gaétan de Rassenfosse, Ecole polytechnique fédérale de Lausanne
Paul H. Jensen, The University of Melbourne, Melbourne
T’Mir D. Julius, Swinburne University of Technology, Melbourne, Australia
Alfons Palangkaraya, Swinburne University of Technology, Melbourne, Australia

Patent Validity Challenges and The America Invents Act
Talia Bar, Department of Economics, University of Connecticut
Brendan Costello, Yale Law School

 

 


Tenth Annual Conference on Innovation Economics

Thursday, June 22 - Friday, June 23, 2017

The Searle Center on Law, Regulation, and Economic Growth presents the Tenth Annual Conference on Innovation Economics held at Northwestern Pritzker School of Law, Thursday, June 22, 2016–Friday, June 23, 2017.

Agenda (pdf)


Papers

Creative Destruction and Strategic Protection: Evidence from Pharmaceutical Patenting
Alan C. Marco, Chief Economist, U.S. Patent and Trademark Office
Charles A. deGrazia, U.S. Patent and Trademark Office (ADDX Corporation) and Royal Holloway, University of London

Finding Mr. Schumpeter: An Empirical Study of Competition and Technology Adoption
Jeffrey T. Macher, McDonough School of Business at Georgetown University
Nathan H. Miller, McDonough School of Business at Georgetown University
Matthew Osborne, University of Toronto, Rotman School of Management

Entrepreneurship and the American Dream: How far does the Upward Mobility Ladder Reach?
Sarada, Wisconsin School of Business, University of Wisconsin-Madison
Oana Tocoian, Claremont McKenna College

Entrepreneurial Migration
Jorge Guzman, MIT Sloan School of Management

Patent Assertion Entity Activity: An FTC Study
Julie Carlson, Federal Trade Commission

Pharmaceutical Patent Citations and Real Value
David S. Abrams, University of Pennsylvania Law School
Bhaven N. Sampat, Columbia University, Mailman School of Public Health and NBER

Patents and Cumulative Innovation –Evidence from Post-Grant Patent Oppositions
Fabian Gaessler, Max Planck Institute for Innovation and Competition,
Dietmar Harhoff, Max Planck Institute for Innovation and Competition and Munich School of Management, Ludwig-Maximilians-University, and Centre for Economic Policy Research (CEPR)
Stefan Sorga, Max Planck Institute for Innovation and Competition and Munich Graduate School of Economics, Ludwig-Maximilians-University

Screening for Patent Quality: Examination, Fees and the Courts
Mark Schankerman, London School of Economics and CEPR
Florian Schuett, Tilburg University

Low-Quality Patents in the Eye of the Beholder: Evidence from Multiple Examiners
Gaétan de Rassenfosse, École polytechnique fédérale de Lausanne (EPFL)
Adam B. Jaffe, Motu Economic and Public Policy Research and Queensland University of Technology
Elizabeth Webster, Centre for Transformative Innovation, Swinburne University of Technology

Patent Prosecution and the Timing of Licensing
Ayfer Ali, Carlos III de Madrid
Iain M. Cockburn, Boston University, Questrom School of Business and NBER

The Effect of Patent Protection on Inventor Mobility
Eduardo Melero, Universidad Carlos III de Madrid
Neus Palomeras, Universidad Carlos III de Madrid
David Wehrheim, Universidad Carlos III de Madrid

Who Climbs onto the Shoulders of Giants?  Who Stumbles and Who Sees Farther? Evidence from the Transformative New DNA-Editing Technology, CRISPR
Samantha Zyontz, MIT Sloan School of Management
Neil Thompson, MIT Sloan School of Management

The Causal Effect of Colleges on Local Patenting: Evidence from the Formative Years of U.S. Higher Education, 1870-1940
Michael Andrews, Department of Economics, University of Iowa

Scientific Education and Innovation: From Technical Diplomas to University STEM Degrees
Nicola Bianchi, Kellogg School of Management, Northwestern University
Michela Giorcelli, University of California, Los Angeles

On the Firms’ Decision to Hire Academic Scientists
Sarah Parlane, School of Economics, University College Dublin
Catalina Martínez, Institute of Public Goods and Policies and Spanish National Research Council (CSIC)

Firms’ Innovation Strategy under the Shadow of Analyst Coverage
Bing Guo, Universidad Carlos III de Madrid, Business and Administration Department
David Pérez-Castrillo, Universitat Autònoma de Barcelona and Barcelona GSE
Anna Toldrà-Simats, Universidad Carlos III de Madrid

CEO Evaluation Horizons and Innovation
Lingtian Kong, Rotterdam School of Management, Erasmus University, Department of Finance

Selling Innovation in Bankruptcy
Song Ma, Yale School of Management
Joy Tianjiao Tong, Duke University
Wei Wang, Queen’s University

Large Firm Advantage and Entrepreneurial Disadvantage: How Non-competes Increase Market Concentration
Hyo Kang, Haas School of Business, UC Berkeley
Lee Fleming, Fung Institute for Engineering Leadership, UC Berkeley

Strategic Incentives for Innovations and Market Competition
Evangelia Chalioti, Yale University, Department of Economics
Konstantinos Serfes, Drexel University, School of Economics

Mergers in Innovative Industries: The Role of Product Market Competition
Guillermo Marshall, Department of Economics, University of Illinois at Urbana-Champaign
Álvaro Parra, Sauder School of Business, University of British Columbia

Innovation, Intellectual Property, and the Role of Competition
Jonathan Lee, Queen's University, Department of Economics

The Ties that Bind: Railroad Gauge Standards, Collusion, and Internal Trade in the 19th Century U.S.
Daniel P. Gross, Harvard Business School and NBER

Learning When to Quit
Emanuele Tarantino, University of Mannheim & CEPR
Bernhard Ganglmair, University of Texas at Dallas
Timothy Simcoe, Boston University & NBER

Patent Boxes and the Relocation of Intellectual Property
Laurie Ciaramella, Mines ParisTech, PSL - Research University, CERNA

Does Winning a Patent Race Lead to More Follow-on Innovation?
Neil C. Thompson, MIT Sloan School of Management
Jeffrey M. Kuhn, UC Berkeley Haas School of Business

The Inverse Cournot Effect in Royalty Negotiations with Complementary Patents
Gerard Llobet, CEMFI and CEPR
Jorge Padilla, Compass Lexecon

The Impact of Patent Protection on R&D: Evidence Using Export Markets
Joël Blit, University of Waterloo, Department of Economics
Mauricio Zelaya, NERA Economic Consulting



View past Entrepreneurship and Innovation Conferences

For more information regarding this conference or other initiatives of the Searle Center, please call (312) 503-1811 or send an email to searlecenter@law.northwestern.edu.