Searle Center on Law, Regulation, and Economic Growth Sixth Annual Conference on Innovation and Entrepreneurship: U.S. Patent and Trademark Office (USPTO)-Ewing Marion Kauffman Foundation Conference on Intellectual Property and Entrepreneurship

Thursday, June 6, 2013-Friday, June 7, 2013

Northwestern University School of Law
Rubloff Building Room #175
375 E. Chicago Avenue, Chicago, IL

The Searle Center on Law, Regulation, and Economic Growth presents the Sixth Annual Conference on Innovation and Entrepreneurship: U.S. Patent and Trademark Office (USPTO)-Ewing Marion Kauffman Foundation Conference on Intellectual Property and Entrepreneurship to be held at Northwestern University School of Law, Thursday, June 6, 2013-Friday, June 7, 2013. The conference will run from 9:00 a.m. on Thursday, June 6 to 3:30 p.m. on Friday, June 7. On Thursday evening there will be a cocktail reception, dinner, and keynote address by Stuart Graham, Senior Advisor, U.S. Patent and Trademark Office (USPTO) and Georgia Institute of Technology.

The USPTO and the Ewing Marion Kauffman Foundation are jointly sponsoring the conference. This conference is organized by Professor Daniel F. Spulber, Research Director of the Searle Center on Law, Regulation, and Economic Growth and Elinor Hobbs Distinguished Professor of International Business, Professor of Management Strategy, Kellogg School of Management, Professor of Law, Northwestern University School of Law (Courtesy).

The goal of this conference is to provide a forum where economists and legal scholars can gather together with Northwestern's own distinguished faculty to present and discuss high-quality research relevant to intellectual property (IP) protection, innovation, and entrepreneurship.

This conference will be an important component of the Searle Center's expanded entrepreneurship and innovation focus. Conference participants will explore the connections between IP, innovation, and entrepreneurship through empirical and theoretical economic and legal analysis. This interdisciplinary conference will be composed of presentations by leading researchers in economics and law, and participating authors will have their papers formally discussed by leading thinkers in the field. In addition, the conference will draw audiences of academics in economics, law, and business, as well as legal and business practitioners, government officials, and public policy makers.

REGISTRATION: Attendance for this conference is by invitation only. To receive an invitation, please send a message with your name, affiliation, and full contact information to Derek Gundersen at: d-gundersen@law.northwestern.edu

AGENDA:

Thursday, June 6

9:00 a.m. Registration (1st floor Wieboldt Hall)
Continental Breakfast (WB 323)

9:45 Welcome (WB 147)
Introduction to the Conference
Daniel B. Rodriguez, Dean and Harold Washington Professor, Northwestern University School of Law
Matthew L. Spitzer, Incoming Director, Searle Center on Law, Regulation, and Economic Growth at Northwestern University School of Law
Daniel F. Spulber, Research Director, Searle Center on Law, Regulation, and Economic Growth, and Kellogg School of Management, Northwestern University

10:00-12:00 Session One - Financing Entrepreneurship (WB 147)
Session Chair: Ines Macho-Stadler, Universitat Autonoma de Barcelona

The Unobserved Returns to Entrepreneurship
Sarada, Fuqua School of Business, Duke University
Discussant: Leora Klapper, World Bank

How Do Start-Up Firms Finance Their Assets? Evidence from the Kauffman Firm Surveys
Rebel Cole, DePaul University
Tatyana Sokolyk, Brock University*
Discussant: Leora Klapper, World Bank

Facilitating Academic Entrepreneurship
Richard Jensen, University of Notre Dame*
Marie Thursby, Georgia Institute of Technology
Huyen Pham, Analysis Group
Discussant: Andrea Mantovani, University of Bologna

The Consequences of Entrepreneurial Firm Founding on Innovation
Michael Ewens, Carnegie Mellon University*
Christian Fons-Rosen, Universitat Pompeu Fabra
Discussant: Ines Macho-Stadler, Universitat Autonoma de Barcelona

12:00 Lunch (WB 323)

1:00-3:00 Session Two - Patents and Secrecy (WB 147)
Session Chair: Emerson H. Tiller, Northwestern University School of Law

Do Inventors Value Secrecy in Patenting? Evidence from the American Inventor's Protection Act of 1999
Stuart Graham, U.S. Patent and Trademark Office and Georgia Institute of Technology
Deepak Hegde, New York University Stern School of Business*
Discussant: Dietmar Harhoff, Ludwig-Maximilians-Universitat (LMU) Munchen

Do Patents Shield Disclosure or Assure Exclusivity when Transacting Technology?
Gaetan de Rassenfosse, University of Melbourne*
Alfons Palangkaraya, University of Melbourne
Elizabeth Webster, University of Melbourne
Discussant: Christian Helmers, Universidad Carlos III de Madrid

Trade Secrets Law and Engineer/Scientist Mobility: Evidence from "Inevitable Disclosure"
Ivan Png, NUS Business School, National University of Singapore*
Sampsa Samila, NUS Business School, National University of Singapore*
Discussant: Henry Sauermann, Georgia Institute of Technology, Scheller College of Business

The Corporate Preference for Trade Secret
Andrew A. Schwartz, University of Colorado Law School
Discussant: Jay P. Kesan, University of Illinois College of Law

3:00-3:30 Break

3:30-5:30 Session Three - Market Structure and Incentives to Innovate (WB 147)
Session Chair: Matthew L. Spitzer, Incoming Director, Searle Center on Law, Regulation, and Economic Growth at Northwestern University School of Law

Competition, R&D and Innovation: Testing the Inverted-U in a Simultaneous System
Michael Peneder, Austrian Institute of Economic Research (WIFO)*
Martin Worter, ETH Zurich, KOF Swiss Economic Institute
Discussant: Julie Carlson, Federal Trade Commission

The (de)Concentration of Sources of Inventive Ideas: Evidence from ICT Equipment
Yasin Ozcan, Kellogg School of Management, Northwestern University*
Shane Greenstein, Kellogg School of Management, Northwestern University
Discussant: Sampsa Samila, NUS Business School, National University of Singapore

Investment, Duration, and Exit Strategies for Corporate and Independent Venture Capital-Backed Start-Ups
David Perez-Castrillo, Universitat Autonoma de Barcelona*
Bing Guo, Universidad Carlos III de Madrid
Yun Lou, London Business School
Discussant: Arvids A. Ziedonis, University of Oregon, Lundquist College of Business

Endogeneous Matching in University-Industry Collaboration: Theory and Empirical Evidence from the UK
Albert Banal-Estanol, Universitat Pompeu Fabra*
Ines Macho-Stadler, Universitat Autonoma de Barcelona
David Perez-Castrillo, Universitat Autonoma de Barcelona
Discussant: Mitchell Hoffman, Yale School of Management, Yale University and Rotman School of Management, University of Toronto

5:30-6:30 Cocktail Reception (Law School Courtyard, weather permitting)

6:30 Dinner (Law School Atrium)

7:30 Keynote Address: The USPTO Trademark Case Files Dataset: Descriptions, Lessons, and Insights
Stuart Graham, Senior Advisor, U.S. Patent and Trademark Office (USPTO), and Georgia Institute of Technology*
Galen Hancock, University of California, Berkeley
Alan Marco, U.S. Patent and Trademark Office
Amanda Fila Myers, U.S. Patent and Trademark Office

Friday, June 7

8:00 a.m. Breakfast (WB 323)

9:00-11:00 Session Four - Technology Standards and Patents (WB 147)
Session Chair: Jorge L. Contreras, American University Washington College of Law

Essential Patents and Standard Dynamics
Justus Baron, Department of Economics Sciences-Po Paris and Cerna, MINES ParisTech
Tim Pohlmann, Cerna, MINES ParisTech and Berlin University of Technology*
Knut Blind, Berlin University of Technology and Rotterdam School of Management, Erasmus University
Discussant: Christian Fons-Rosen, Universitat Pompeu Fabra

The Standards Setting Process: A Case Study of 3GPP
Kirti Gupta, Director, Economic Strategy, Qualcomm
Discussant: Daniel F. Spulber, Kellogg School of Management, Northwestern University

Can Lessons from the Development of the Derivatives Markets be used to Improve the Efficiency of the Technology Patent Market?
David S. Ruder, RPX Corporation
Discussant: Carlos Serrano, Universitat Pompeu Fabra

Are Patent Pools a Way to Help Patent Owners Enforce their Rights?
Henry Delcamp, Cerna, MINES ParisTech
Discussant: Ryan Lampe, DePaul University

11:00-11:15 Break

11:15-12:45 Session Five - Patents as Signals (WB 147)
Session Chair: David Perez-Castrillo, Universitat Autonoma de Barcelona

The Diminishing Signaling Value of Patents between Early Rounds of Venture Capital Financing
Sebastian Hoenen, Management Studies, Wageningen University and Research Center
Christos Kolympiris, Management Studies, Wageningen University and Research Center*
Wilfred Schoenmakers, Management Studies, Wageningen University and Research Center
Nicholas Kalaitzandonakes, Department of Agricultural and Applied Economics, University of Missouri
Discussant: Rosemarie Ziedonis, University of Oregon, Lundquist College of Business

Signaling in Equity Crowdfunding
Gerrit K.C. Ahlers, A.T. Kearney GmbH
Douglas Cumming, York University, Schulich School of Business*
Christina Gunther, Max Planck Institute of Economics and WHU, Otto Beisheim School of Management
Denis Schweizer, WHU, Otto Beisheim School of Management
Discussant: Nishant Dass, Georgia Institute of Technology, Scheller College of Business

The Fate of Patents: An Exploratory Analysis of Patents as IPO Signals of Reputational Advantage
Nada Basir, York University, Schulich School of Business
Mehdi Beyhaghi, York University, Schulich School of Business
Ali Mohammadi, Politecnico di Milano, Department of Management, Economics and Industrial Engineering*
Discussant: Rosemarie Ziedonis, University of Oregon, Lundquist College of Business

12:45-1:30 Lunch (WB 323)

1:30-3:30 Session Six - What is the Value of a Patent? (WB 147)
Session Chair: Stuart Graham, U.S. Patent and Trademark Office and Georgia Institute of Technology

Valuing Patents using Renewal Data: An Inquiry into the Feasibility of an Automated Patent Scoring Method
Marc Baudry, University Paris X-Economix-CNRS
Beatrice Dumont, University Paris XIII-CEPN-CNRS & College of Europe*
Discussant: Daniel Johnson, Colorado College

The Economic Value of Patent Portfolios
Alfonso Gambardella, Bocconi University
Dietmar Harhoff, Ludwig-Maximilians-Universitat (LMU) Munchen*
Bart Verspagen, Maastricht University
Discussant: Alan Marco, U.S. Patent and Trademark Office

Strategic Acquisitions by Corporate Venture Capital Investors
Lora Dimitrova, London Business School
Discussant: Thomas Jeitschko, Michigan State University

A Dynamic Model of the Impact of Pre-Discovery Licensing on Innovation and Product Market
Efficiency: Evidence from the Semiconductor Industry
Ralph Siebert, Krannert School of Management, Purdue University
Discussant: Thomas Jeitschko, Michigan State University

3:30 Adjourn

Presenters are indicated with an *

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

ABOUT THE SEARLE CENTER: The Searle Center on Law, Regulation, and Economic Growth at Northwestern University School of Law was established in 2006 to research how government regulation and interpretation of laws and regulations by the courts affect business and economic growth. Information on the Searle Center's activities may be found at: http://www.law.northwestern.edu/searlecenter