Northwestern Center on Law, Business, and Economics: Twelfth Annual Conference on Innovation Economics

Description

Twelfth Annual Northwestern/USPTO Conference on Innovation Economics
Thursday, June 20, 2019 — Friday, June 21, 2019

Northwestern Pritzker School of Law
Wieboldt Hall
340 E. Superior Street
Chicago, IL, 60611

The Northwestern University Center on Law, Business, and Economics presents the Twelfth Annual Conference on Innovation Economics to be held at Northwestern Pritzker School of Law, Thursday, June 20, 2019 – Friday, June 21, 2019.

The conference will feature a Keynote Address by Bruce Kobayashi, Director, Bureau of Economics, U.S. Federal Trade Commission, on “Innovation, Antitrust, and Regulation.”

The USPTO will co-sponsor this conference in conjunction with the Northwestern Center on Law, Business, and Economics (formerly named the Searle Center on Law, Regulation, and Economic Growth).

This conference is organized by Professor Daniel F. Spulber, Research Director of the Center on Law, Business, and Economics. Spulber is the 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 scientific committee consisted of Pere Arqué-Castells, Alberto Galasso, Christian Helmers, Ralph Siebert, and Daniel F. Spulber.

This conference is an important component of the Center’s focus on innovation economics and innovation policy. 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
There is no registration fee for this conference, but attendance is by invitation only. To request an invitation, please send a message with your name, affiliation, and complete professional contact information to clbe@law.northwestern.edu.

Details on the discounted conference lodging room block at a nearby hotel will be distributed upon registration confirmation.

Full details can be found here: http://www.law.northwestern.edu/research-faculty/searlecenter/events/innovation/

PROGRAM AGENDA

Thursday, June 20

9:00 a.m. Registration Check-In and Continental Breakfast

10:00 Welcome and Introduction to the Conference
Daniel F. Spulber, Elinor Hobbs Distinguished Professor of International Business, Kellogg School of Management, and Research Director, Northwestern Center on Law, Business, and Economics
Andrew Toole, Chief Economist, United States Patent and Trademark Office

10:00-12:00 Session One—Products and Innovation
Session Chair: Andrew Toole, Chief Economist, United States Patent and Trademark Office

Find and Replace: R&D Investment Following the Erosion of Existing Products
Richard T. Thakor, University of Minnesota, Carlson School of Management*
Joshua L. Krieger, Harvard Business School
Xuelin Li, University of Minnesota, Carlson School of Management
Discussant: Rajkamal K. Vasu, C. T. Bauer School of Business, University of Houston

The Impact of Product Market Characteristics on Firms’ Strategies in Patent Litigation
Danmo Lin, Warwick Business School, Warwick University *
Du Liu, Warwick Business School, Warwick University
Elizabeth Whalley, Warwick Business School, Warwick University
Discussant: Xuelin Li, University of Minnesota, Carlson School of Management

Reactive Outsourcing of Technological Innovations
Manuel Hermosilla, The Johns Hopkins Carey Business School
Discussant: Lex Zhao, Research Institute for Economics & Business, Kobe University

Revisiting the Effect of Patents on Emerging Markets:Evidence From India
Chirantan Chatterjee, Hoover Institution, Stanford University and IIM Ahmedabad*
Carlos Inoue, Rotman School of Management, University of Toronto
Anita M. McGahan, Rotman School of Management, University of Toronto
Discussant: Mercedes Campi, CONICET and University of Buenos Aires

12:00-1:30 Lunch


1:30-2:30 Session Two—Science and Innovation
Session Chair: Ralph Siebert, Purdue University, Department of Economics, Krannert School of Management

Running with (CRISPR) Scissors: Tool Adoption and Team Assembly
Samantha Zyontz, MIT Sloan School of Management
Discussant: Amanda F. Myers, United States Patent and Trademark Office

The Effects of Patent Rights on University Science
Laurent Bergé, CREA, Université du Luxembourg*
Thorsten Doherr, Centre for European Economic Research (ZEW)
Katrin Hussinger, Université du Luxembourg and Centre for European Economic Research (ZEW)
Discussant: Olena Ivus, Smith School of Business, Queen's University


2:30-3:00 Break


3:00-5:00 Parallel Session Three A—Patents and Standards


Approximating the Standard Essentiality of Patents – A Semantics-Based Analysis
Lorenz Brachtendorf, Max Planck Institute for Innovation and Competition; Munich School of Management, Ludwig-Maximilians-University (LMU)
Fabian Gaessler, Max Planck Institute for Innovation and Competition; TUM School of Management, Technical University of Munich*
Dietmar Harhoff, Max Planck Institute for Innovation and Competition; Munich School of Management, Ludwig-Maximilians-University (LMU); Centre for Economic Policy Research (CEPR)
Discussant: Pere Arqué-Castells, Center on Law, Regulation, and Economic Growth, Northwestern Pritzker School of Law

SSOs, Product Differentiation, and M&A in GOLE
Avik Chakrabarti, Department of Economics, University of Wisconsin, Milwaukee*
Anjishnu Banerjee, Division of Biostatistics, University of Wisconsin, Milwaukee
Discussant: Elvira Sojli, University of New South Wales Business School

Predicting Administrative Patent Challenges
Brendan Costello, Yale Law School*
Talia Bar, Department of Economics, University of Connecticut
Discussant: Christian Helmers, Santa Clara University

Prioritized Examination and its Impact on Commercialization of Patents
Taras Hrendash, Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI)
Discussant: Runhua Wang, Chicago-Kent College of Law


Parallel Session Three B—Information, Learning, and Innovation
Session Chair: Alexei Alexandrov, Independent

The Short-Run Effects of GDPR [EU General Data Protection Regulation] on Technology Venture Investment
Liad Wagman, Stuart School of Business, Illinois Institute of Technology*
Jian Jia, Stuart School of Business, Illinois Institute of Technology
Ginger Zhe Jin, University of Maryland
Discussant: Heli Koski, Aalto University/ETLA, The Research Institute of the Finnish Economy
The Paper Trail of Knowledge Spillovers: Evidence from Patent Interferences
Jeffrey Lin, Federal Reserve Bank of Philadelphia Research Department*
Ina Ganguli, University of Massachusetts–Amherst
Nicholas Reynolds, Brown University
Discussant: H. Dennis Park, Naveen Jindal School of Management, University of Texas at Dallas

A Machine Learning Analysis of The Geographic Localization of Knowledge Flows
Joel Blit, Department of Economics, University of Waterloo*
Mikko Packalen, University of Waterloo
Discussant: David Heller, Department Management and Microeconomics, Goethe University Frankfurt
Experimentation, Learning, and Appropriability in Early-Stage Ventures
Andrea Contigiani, Fisher College of Business, Ohio State University
Discussant: Jian Jia, Stuart School of Business, Illinois Institute of Technology

5:00-6:00 Cocktail Reception

6:00 Dinner and Keynote Address TBD


Friday, June 21

8:00 a.m. Breakfast

9:00-11:00 Session Four—Innovation and Acquisitions
Session Chair: Christian Helmers, Santa Clara University

Acquisition Prices and the Measurement of Intangible Capital
Michael Ewens, California Institute of Technology*
Ryan H. Peters, Tulane University
Sean Wang, Southern Methodist University
Discussant: Syed Walid Reza, School of Management, SUNY at Binghamton

What is the US Comparative Advantage in Entrepreneurship? Evidence from Israeli Migration to the United States
Annamaria Conti, University of Lausanne - Faculty of Business and Economics (HEC)*
Jorge Guzman, Columbia Business School, Columbia University
Discussant: Nic Kozeniauskas, Banco de Portugal

The Effect of U.S. Public-to-Private Leverage Buyouts on Innovation
Brian F. Ayash, Orfalea College of Business, California Polytechnic State University*
Edward J. Egan, McDonough School of Business, Georgetown University
Discussant: Rongrong Zhang, Parker College of Business, Georgia Southern University

Growth through Acquisition of Innovations
Galina Besstremyannaya, Centre for Economic and Financial Research, New Economic School*
R. Dasher, Stanford University
S.Golovan, New Economic School
Discussant: Olgu Ozkul, Department of Economics, University of Illinois Urbana-Champaign


11:00-11:15 Break

11:15-12:45 Parallel Session Five A—Innovation and Employment
Session Chair: Pere Arqué-Castells, Northwestern Center on Law, Business, and Economics, Northwestern Pritzker School of Law

Boundary Choices in Innovation — How does Availability of Hiring Affect Technology Sourcing Stategy?
Xiaoshu Bei, Fuqua School of Business, Duke University
Discussant: Ye (George) Jia, Department of Economics, University of Prince Edward Island

Emerging and Disappearing Work, Thriving and Declining Firms
Sarada, Wisconsin School of Business, University of Wisconsin-Madison*
Enghin Atalay, Department of Management and Human Resources, Wisconsin School of Business, University of Wisconsin-Madison
Discussant: Sukhdeep Singh, Institute of Development Studies Kolkata (IDSK)

Heterogeneous Innovation and the Antifragile Economy
Benjamin Balsmeier, Université Du Luxembourg*
Gustavo Manso, University of California, Berkeley
Lee Fleming, University of California, Berkeley
Discussant: Catherine De Fontenay, Melbourne Business School


Parallel Session Five B—Trademarks and Innovation
Session Chair: Richard D. Miller, Office of Chief Economist, United States Patent and Trademark Office

Knocking Off Firm Value
Mehmet I. Canayaz, Smeal College of Business, Pennsylvania State University
Umit Gurun, University of Texas at Dallas*
Discussant: Kevin Tseng, Federal Reserve Rank Richmond

Submarine Trademarks
Christian Helmers, Santa Clara University*
Carsten Fink, World Intellectual Property Organization (WIPO)
Andrea Fosfuri, Bocconi University
Amanda F. Myers, United States Patent and Trademark Office
Discussant: Zhaoxia Xu, School of Banking and Finance, UNSW Business School

Product Hopping and Innovation Incentives
Jorge Lemus, Department of Economics, University of Illinois Urbana-Champaign*
Olgu Ozkul, Department of Economics, University of Illinois Urbana-Champaign
Discussant: Georgios Petropoulos, MIT and Bruegel


12:45-1:30 Lunch

1:30-3:00 Session Six—Innovation and Intellectual Property
Session Chair: Alberto Galasso, Rotman School of Management, University of Toronto

The Consequences of Invention Secrecy: Evidence from the USPTO Patent Secrecy Program in World War II
Daniel P. Gross, Harvard Business School
Discussant: Alberto Galasso, Rotman School of Management, University of Toronto

R&D and Market Size: Who Benefits from Orphan Drug Regulation?
Simona Gamba, Department of Economics, University of Verona*
Laura Magazzini, Department of Economics, University of Verona
Paolo Pertile, Department of Economics, University of Verona
Discussant: Saish Nevrekar, Indira Gandhi Institute of Development Research

Early Disclosure Could Save Billions in Wasted Duplication, Yet Inventors Still Choose Secrecy for Most Valuable Technologies
Florian Seliger, KOF Swiss Economic Institute, ETH Zurich*
Sonja Lück, University of Paderborn, Faculty of Business Administration and Economics
Benjamin Balsmeier, Université Du Luxembourg
Lee Fleming, University of California, Berkeley
Discussant: Lorenz Brachtendorf, Max Planck Institute for Innovation and Competition; Munich School of Management, Ludwig-Maximilians-University (LMU)

3:00 Adjourn

Presenters are indicated with an *