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[Academic Events] Seminars in Economics of Innovation and Knowledge CANCELLED: Wes Cohen (Duke University)

"Academics’ motives, opportunity costs and commercial activities across fields" at Department of Economics and Statistics S. Cognetti de Martiis Abstract Scholarly work seeking to understand academics’ commercial activities often draws on abstract notions of the institution of science and of the representative scientist. Few scholars have examined whether and how scientists’ motives to engage in commercial…

[Academic Events] Monday Lunch Seminars Bernardo Fanfani (University of Torino)

 "The effects of collective bargaining on employment and growth" Abstract This paper analyses the employment effects of the Italian sectoral wage bargaining system. The study is based on high-frequency, comprehensive and updated information on employment and wages derived from administrative data on private-sector social security contributions, matched with precise information on the economic content of…

[Academic Events] Seminars in Politics and Society Fabien Accominotti (London School of Economics)

How the Reification of Merit Breeds Inequality: Theory and Experimental Evidence Abstract: In a variety of social contexts, measuring merit and performance are crucial steps toward enforcing meritocratic ideals. At the same time, workable measures are bound to obfuscate the fuzziness and ambiguity of merit, i.e. to reify performance into an artificially crisp and clear-cut…

[Academic Events] Seminars in Economics Marcin Kacperczyk (Imperial College London)

"Do Foreign Investors Improve Market Efficiency?" Abstract We study the impact of foreign institutional investors on global capital allocation and welfare using firm-level international data. Using MSCI index inclusion as an exogenous shock to foreign ownership, we show that greater foreign ownership leads to more informative stock prices and this effect arises more from increased…

Seminars in Economics of Innovation and Knowledge Carlos Serrano (UPF)

"How Redeployable are Patent Assets? Evidence from Failed Startups" ABSTRACT Entrepreneurial firms are important sources of patented inventions. Yet little is known about what happens to patents “released” to the market when startups fail. This study provides a first look at the frequency and speed with which patents originating from failed startups are redeployed to…

Seminars in Economics of Innovation and Knowledge Nicolas Carayol (Université de Bordeaux)

"Team Work Complexity, Scientific Competition and Interdisciplinary Research" Abstract This paper aims at understanding the increasing complexity of researchprojects as one of the possible explanations for the fall in researchers’ productivity observedover decades. We conceptualize a research project as an idea and a team of researchers.Each idea is associated to a given knowledge production function…

Monday Lunch Seminars Paolo Ghirardato (Collegio Carlo Alberto) and Daniele Pennesi

"A General Theory of Subjective Mixtures" Abstract We provide a framework for constructing subjective mixtures which requires neither the Certainty Independence nor the Monotonicity axiom, replacing them with much weaker "local'' properties, and which --as we show by means of several examples-- can thus serve as a purely subjective foundation to most of the recent…

Seminars in Economics of Innovation and Knowledge Andrès Rodriguez-Pose (LSE)

"The revenge of places that don’t matter" abstract Persistent poverty, economic decay and lack of opportunities cause discontent in declining regions, while policymakers reason that successful agglomeration economies drive economic dynamism, and that regeneration has failed. This column argues that this disconnect has led many of these ‘places that don’t matter’ to revolt in a…