Thirteenth Annual Northwestern/USPTO Conference on Innovation Economics (August 27-28, 2020) (Virtual Conference via WebEx)

Description

United States Patent and Trademark Office
Northwestern Center on Law, Business, and Economics
Kellogg School of Management

Thirteenth Annual Conference on Innovation Economics

Thursday, August 27, 2020 — Friday, August 28, 2020

WEBCAST via WebEx

The Northwestern Center on Law, Business, and Economics presents the Thirteenth Annual Conference on Innovation Economics to be held at Northwestern Pritzker School of Law, Thursday, August 27, 2020 – Friday, August 28, 2020. The focus on the conference will be on public policy developments, including recent antitrust cases.

The USPTO will co-sponsor this conference in conjunction with the Kellogg School of Management and 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).

Due to the COVID-19 pandemic the conference will be held entirely via videoconferencing on the WebEx platform.

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. To register, please visit the following registration link. Please note that confirmed participants will receive separate access information and should not register via this link.

https://northwestern.webex.com/northwestern/onstage/g.php?PRID=4849737c1eb57335cef3f6501af4ad77


PROGRAM AGENDA

Thursday, August 27th

9:00 a.m. Registration Log-on

9:15-9:30 Welcome and Introduction to the Conference
Daniel F. Spulber, Kellogg School of Management, Northwestern University
Andrew Toole, Chief Economist, United States Patent and Trademark Office

9:35-11:30 Session One — Intellectual Property
Session Chair: Scott Kominers, Harvard Business School

Effect of Technical Competition on Patent Collateralization for Debt Financing Tianyuan Cai, Pomona College
Discussant: Alberto Galasso, Rotman School of Management, University of Toronto

Borrowing against the (Un)Known: Patent Portfolios and Leverage
David Heller, Max Planck Institute for Innovation and Competition*
Andrej Gill, Department of Economics and Business Administration, Johannes Gutenberg University Mainz
Discussant: Nicholas Rada, United States Patent and Trademark Office

Myth of the Rubber Stamp Patent: Impact of Examiner's Amendment on the Innovation Ecosystem
Charles A. W. de Grazia, University of London, Royal Holloway College and United States Patent and Trademark Office*
Nicholas A. Pairolero, United States Patent and Trademark Office
Mike H. M. Teodorescu, Boston College, Carroll School of Management
and Harvard Business School
Discussant: Pere Arque-Castells, Innovation Management and Strategy Department, University of Groningen

Network-Mediated Knowledge Spillovers in ICT/Information Security
Neil Gandal, Berglas School of Economics, Tel Aviv University*
Nadav Kunievsky, Department of Economics, The University of Chicago
Lee Branstetter, Carnegie Mellon University, Heinz College
Discussant: Imke Reimers, Northeastern University


11:35-12:30 KEYNOTE ADDRESS

Introduction: Daniel F. Spulber

Keynote Speaker: Makan Delrahim, Assistant Attorney General for the Antitrust Division, U.S. Department of Justice


12:35-2:00 Session Two — International Aspects of Innovation

Session Chair: Christian Helmers, Santa Clara University

Cross-Border Institutions and the Globalization of Innovation
Bo Bian, Sauder School of Business, University of British Columbia*
Jean-Marie Meier, University of Texas at Dallas, Jindal School of Management
Ting Xu, University of Virginia, Darden School of Business
Discussant: Mercedes Campi, CONICET - University of Buenos Aires, Faculty of Economics, IIEP-Baires

GDPR (Europe’s General Data Protection Regulation) and the Localness of 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: Mario Daniele Amore, Bocconi University

Patent Litigation in the Beijing Courts: The Impact of Party Nationality and Procedural Reform
Jin Cao, Norges Bank, the Central Bank of Norway *
Chenguo (Coco) Zhang, KoGuan Law School, Shanghai Jiao Tong University; and Centre for European Law and Politics, University of Bremen
Discussant: Huiyan Zhang, Heinz College, Carnegie Mellon University

2:05-3:30 Session Three — Public Policy toward Technology Standards

Session Chair: Michelle Saksena, United States Patent and Trademark Office

Cooperation, Competition and Patents: Understanding Innovation in the Telecommunication Sector
Tatiana Rosa, CEMFI
Discussant: Pedro Schilling-De-Carvalho, University of Cambridge - Sidney Sussex College

Standard Setting Organizations and Networked Oligopolies in General Equilibrium
Avik Chakrabarti, Department of Economics, University of Wisconsin, Milwaukee*
Hamid Beladi, University of Texas at San Antonio
Discussant: Alexei Alexandrov, Wayfair

A Tale of Two IPs in China: Linking Intellectual Property and Industrial Policy Through Standard Essential Patents
Philip Rogers, UC Berkeley Political Science Department
Discussant: Chenguo (Coco) Zhang, Centre for European Law and Politics, University of Bremen

3:35-5:00 Session Four— PANEL DISCUSSION: Prospects for the Protection of Intellectual Property Rights

Overview Are protections for IP rights getting weaker or stronger? The panel will discuss how the protection of IP rights has evolved over the last two decades. The panel will examine public policies toward Standard Essential Patents (SEPs). The panel will consider key legal cases such as eBay on injunctions and various decisions on patent subject matter eligibility. The panel will also note other developments that affect IP such as the USPTO’s Patent Trial and Appeal Board (PTAB). Finally, the panel will consider prospects for the protection of IP rights in the future.

Session Chair Bruce Kobayashi, Antonin Scalia School of Law, George Mason University

Alan Marco, former Chief Economist, United States Patent and Trademark Office; School of Public Policy, Georgia Institute of Technology

Mark Snyder, Vice President and Patent Counsel, Qualcomm Incorporated

Jonathan Barnett, Gould School of Law, University of Southern California

Saurabh Vishnubhakat, School of Law, Dwight Look College of Engineering, Texas A&M University

Lawrence White, Stern School of Business, New York University
A “Primarily Property” Presumption Is – Still – Really Needed for the IP/Antitrust Interface


5:00 Adjourn



Friday, August 28th

9:00-11:00 Session Five— The Market for Patents and Patent Licensing

Session Chair: Daryl Lim, The University of Illinois at Chicago, John Marshall Law School

When Do Firms Trade Patents?
Jung H. Kwon, Jindal School of Management, University of Texas at Dallas*
H. Dennis Park, Jindal School of Management, University of Texas at Dallas
Shu Deng, Jindal School of Management, University of Texas at Dallas
Discussant: Marco Ceccagnoli, Georgia Tech

A Theory of Patent Holdout
Gerard Llobet, CEMFI and CEPR*
Jorge Padilla, Compass Lexecon
Discussant: Andrej Gill, Department of Economics and Business Administration, Johannes Gutenberg University Mainz

Compete or Cooperate? The Effect of Patent Protection on Licensing Decisions of Inventors
Honggi Lee, The Fuqua School of Business, Duke University
Discussant: H. Dennis Park, Jindal School of Management, University of Texas at Dallas

Collective licensing and asymmetric information: The double effect of the Medicine Patent Pool on generic drug markets
Arianna Martinelli, Scuola Superiore Sant'Anna, Pisa
Andrea Mina, Scuola Superiore Sant'Anna, Pisa*
Elena Romito, Scuola Superiore Sant'Anna, Pisa
Discussant: Kevin Tseng, Federal Reserve Bank of Richmond

11:05-1:00 Session Six — IP and Innovation

Session Chair: Ralph Siebert, Krannert School of Management, Purdue University

Institutional Ownership and Patent Vagueness
Aneesh Datar, Bocconi University, Department of Management and Technology*
Mario Daniele Amore, Bocconi University, Department of Management and Technology
Andrea Fosfuri, Bocconi University, Department of Management and Technology
Discussant: Mike H. M. Teodorescu, Boston College, Carroll School of Management and Harvard Business School

Do Patents Enable Disclosure? Evidence from the Invention Secrecy Act
Gabriele Pellegrino, College of Management of Technology, Ecole Polytechnique Federale de Lausanne*
Gaetan de Rassenfosse, College of Management of Technology, Ecole Polytechnique Federale de Lausanne
Emilio Raiteri, School of Innovation Sciences, Eindhoven University of Technology
Discussant: Runhua Wang, Chicago-Kent College of Law

Booms, Busts, and the Quality of Innovation
Erin McGuire, Scheller College of Business, Georgia Institute of Technology*
Christos Makridis, Massachusetts Institute of Technology
Discussant: Tony Tong, Leeds School of Business, University of Colorado Boulder

Patent Auctions and Bidding Coalitions: Structuring the Sale of Club Goods
Mariagiovanna Baccara, Olin School of Business, Washington University in Saint Louis*
John Asker, Department of Economics, University of California in Los Angeles
SangMok Lee, Department of Economics, Washington University in St. Louis
Discussant: Alexei Alexandrov, Wayfair


1:05-2:45 Session Seven — PANEL DISCUSSION: Antitrust Policy and Intellectual Property

Overview: Are Antitrust Policy and IP rights at odds? The panel will discuss whether Antitrust Policy and IP rights are complements or are sometimes in conflict. The panel will consider whether there are ways that Antitrust Policy can be adjusted that are more sympathetic to innovation. The panel will examine whether there are ways that public policy toward IP rights can be positioned to address Antitrust Policy concerns. The panel will consider how the impact of Antitrust Policy on IP rights will evolve in the future.

Session Chair: Jeffrey Prince, Chief Economist, U.S. Federal Communications Commission (FCC); Kelley School of Business, Indiana University

Alden F. Abbott, General Counsel, U.S. Federal Trade Commission (FTC)

Joshua D. Wright, Scalia School of Law, George Mason University

Kirti Gupta, Vice President, Technology & Economic Strategy, Qualcomm Incorporated

Danny Sokol, Levin School of Law, University of Florida
Daniel F. Spulber, Kellogg School of Management, Northwestern University


2:30 Adjourn
Presenters are indicated with an *