Seminar  |  10.11.2021 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: Beefing It up for Your Investor? Open Sourcing and Startup Funding – Evidence from Github

Annamaria Conti (HEC Lausanne)


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

We study the participation of nascent firms in open-source communities and its implications for attracting VC funding. To do so, we exploit unique data on 160,065 US startups linking information from Crunchbase to firms' GitHub accounts. Estimating a within-startup model saturated with a host of relevant fixed effects, we show that startups accelerate their activities on the platform in the twelve months prior to raising their first financing round. The intensity of their involvement on GitHub declines in the twelve months after. Remarkably, startups intensify those activities that rely on external technology sources above and beyond the technologies they themselves control. Applying machine learning to classify GitHub projects, we find that the most prevalent among these external activities are related to software development, data analytics, and integration. Our results indicate that VCs and renowned investors are the most responsive to these activities. (Joint work with Christian Peukert, HEC Lausanne, and Maria Roche, Harvard Business School)


Ansprechpartner: Fabian Gaessler

Workshop  |  05.11.2021, 10:00

Intellectual Property Law-Making as Line (Re-)Drawing

Max Planck Law Teaching Session mit Daria Kim

Die Veranstaltungssprache ist Englisch.

Policy- and law-making in the field of intellectual property (IP) is about drawing a line between excludability and non-excludability of results of creative and innovative activity. The rationales for such boundaries stem from various theories about innovation, creativity, and social well-being.  The question of where to draw a line often becomes a matter of balancing competing interests and policy objectives.


The workshop will explore the challenges of this exercise in the context of EU IP law. It will stimulate the participants to view IP law and policy as a ‘work in progress’ rather than being ‘cast in stone’ and consider how the IP framework could be improved.  


5 November 2021 – 10:00 a.m. to 12:30 p.m.

  • Theoretical foundations of IP law
  • Critical perspectives on IP
  • IP policy levers
  • IP law from a law-in-social-context perspective


In-person if possible or hybrid format


Enrollment: Maximum 25 Participants


Webpage of Daria Kim

Seminar  |  03.11.2021 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: When Patents Matter

Øivind Nilsen (Norwegian School of Economics)


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

In most OECD countries, the gross domestic spending on research and development (R&D) is substantial, on average 2.5 percent of gross domestic product. A large share of the R&D expenditures, including research in the business enterprise sector, is funded by the governments. This paper investigates empirically the dynamics between firms’ employment, output, success in obtaining public research funding, labour productivity, return on assets (ROA), and capital intensity in the periods before, during, and after filing a patent application. The analysis is based on a panel of accounting data for all Norwegian firms merged with patent application data from the Norwegian Industrial Property Office (NIPO). The final panel covers a period of 18 years (2001-2018). Since the sample includes the whole population of Norwegian firms, it allows to form both a large control- and treatment-group (firms that file at least one patent application in the period). year a patent application A patent has significant positive effects on employment, output and public research funding both in periods before, during and after it is filed. The effects are largest at the extensive margins, i.e. largest for firms without any prior patent applications. Additional patents have small or insignificant effects. We also find that there is a negative correlation between R&D support and age. The overall finding is therefore that patents are important in the early in the life-cycle of firms.


Ansprechpartner: David Heller

Seminar  |  27.10.2021 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: Sharpen Your Sword – The Reaction of Branded Pharmaceutical Firms to the Threat of Generic Entry

Elie Sung (HEC Paris)


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

Pharmaceutical firms produce patents related to existing drugs even after approval by the US Food and Drug Administration. We investigate the reasons behind this strategy and relate them to generic entry threats. Estimating difference-in-differences models saturated with fixed effects, we show the threat of generic entry via Paragraph IV challenges induces pharmaceutical firms to increase the number of patents they add to an FDA-approved drug application. This strategy is aimed at fencing the firms’ existing drugs as we find no evidence that firms generate new drugs or modifications to the existing drugs after a Paragraph IV challenge. Additionally, we provide evidence showing that the added patents are negatively related to the hazard of generic entry. Consistent with patents being a double-edged sword, which protects drugs but reveals information to competitors, we find that listing all patents at the filing of a drug application is not as effective against generic entry as adding them later on.


Ansprechpartner: Fabian Gaessler

Seminar  |  20.10.2021 | 11:00  –  12:15

Innovation & Entrepreneurship Seminar: Current Status and Research Subjects of International Industry-Academia Collaborative Research

Yukiko Murakmi (Waseda University)


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

International industry-academia collaborative research(IIACR)is a developing form of R&D for creating new knowledge and stimulating innovation. However, it is difficult to pursue because of the substantial institutional distance between industry and academia as well as the significant geographical distances between various countries. This year, we launched a research project on IIACR targeting Germany, Japan, and the United States to discover the factors behind success in IIACR. We will make presentations on the current status of IIACR, research framework, and research methods.


Ansprechpartnerin: Cristina Rujan

Seminar  |  15.07.2021, 15:00

TIME Kolloquium

Joy Wu (ISTO), Ali Samei (TUM)  (auf Einladung)


Online-Veranstaltung

Privacy-Seeking Behavior in the Personal Data Market
Referentin: Joy Wu (ISTO)

Firms are looking to commercialize, trade, and monetize the personal data they collect and receive from consumers. Internet users regularly choose to disclose and share their personal data in return for goods and services. This study examines whether a data recipient's ability to exploit data in a secondary market can motivate users' privacy behavior. An online experiment elicited individuals' willingness and reservation prices for sharing their personally-identifiable psychometric data when faced with real privacy consequences. I found that individuals' information disclosure behaviors were misaligned with their willingness to allow data recipients to monetize their data and trade with a third party. Individuals behaved more privately---by refusing to share data or by demanding greater benefits in exchange for privacy losses---when they became more aware of a data recipient's ability to sell their data for money. Moreover, when individuals considered allowing access to and exposing their data to many recipients, the privacy responses were weaker than the responses to  just one recipient's exploitation abilities.


Performance-related CEO Dismissal and Innovation Performance
Referent: Ali Samei (TUM)

Among different types of CEO turnovers, performance-related CEO dismissals are usually a response to the request by unhappy shareholders to turn around a troubled firm. This may have negative long-term consequences for firms if the pressure to deliver short-term returns disincentivizes newly appointed CEOs from pursuing relatively risky and uncertain, but important, long-term growth strategies. In this study, using a sample of CEO turnover events among S&P 1500 firms over 18 years, we find that (only) performance-related CEO dismissals have a long-lasting negative effect on the amount of innovation a firm produces starting from the year immediately following a dismissal. Our results also show that the higher percentage of informed institutional investors, higher voting power of board directors, and the existence of a family relative of the CEO among the board of directors, will reverse or weaken the negative effect of performance-related CEO dismissal on innovation. We provide several robustness tests to rule out alternative explanations. The paper thus provides important insights into the potential negative long-term consequences of the CEO dismissals for firms and how these consequences can be mitigated.

Seminar  |  14.07.2021 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: The Role of Telemedicine During the COVID19 Pandemic

Jeffrey McCullough (University of Michigan) präsentiert zwei Forschungsprojekte zum Thema.


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

Gender Bias in Remote Service Delivery – Evidence from Healthcare


The COVID-19 pandemic resulted in a massive shift to the remote delivery of services. In this paper, we examine if the gender of the service provider moderates this transition. Specifically, we utilize data on in-person and virtual primary healthcare to study if the gender of the physician affects the shift to virtual healthcare. We find that female physicians experienced a 5.7% larger reduction in the delivery of services via conventional methods during the pandemic. Although female providers delivered a greater extent of their services digitally (2.2%), they suffered a net decrease in the services they provided (3.4%). For female physicians, the likelihood of having a child in the household was correlated with the amount of virtual services provided. However, correlations between being a parent and digital delivery of service were absent for male physicians.  Relative to their male colleagues, female healthcare providers with lower autonomy (such as nurse practitioners and physician assistants) did not use a significantly higher amount of telemedicine. Their digital service provision was also uncorrelated with being a parent. Finally, women’s presence in firms increased remote service delivery – physicians of both genders in majority-female clinics provided significantly more telemedicine. Overall, female physicians experienced a 2.36 percentage point lower reimbursement relative to male physicians during the initial period of the COVID-19 pandemic. These results underscore the gendered difference of the shift to remote services, implications for mothers, low autonomy workers, and institutions.


Does Telemedicine Transcend Disparities or Create a Digital Divide? Evidence from the COVID-19 Pandemic


We examine telemedicine utilization during the COVID-19 pandemic. Advocates have argued that telemedicine can overcome barriers in accessing healthcare and protect patients from contracting COVID-19. Rural and poor patients, for example, would not need to make expensive and time-consuming trips to healthcare facilitates when using telemedicine. Conversely, telemedicine adoption may depend on broadband access and technology skills, which could create a digital divide and exacerbate disparities. We study these questions using data on virtual and conventional care from a large commercial insurer. Telemedicine utilization soared during the pandemic. We further find that telemedicine utilization was concentrated in urban and affluent markets. We attribute this to two factors. First, telemedicine use was correlated with broadband penetration. Second, telemedicine adoption was much higher for patients with an established healthcare provider relationship (i.e., received care in the same health system in the previous year). We also find that telemedicine utilization was lower among older patients and comorbidities; cohorts with the greatest risk of severe illness and death from COVID-19. Without further intervention, telemedicine could exacerbate existing health care disparities.


Ansprechpartnerin: Lucy Xiaolu Wang

Tagung  |  09.07.2021, 14:00

New Directions in the European Union’s Innovation Policy?

Tagung des Instituts in Zusammenarbeit mit dem Alumni-Verein


Online-Veranstaltung

Das Programm der Tagung finden Sie hier.
 

Falls Sie Fragen haben, wenden Sie sich bitte an das Alumni-Büro am MPI alumni(at)ip.mpg.de.

Verschiedenes  |  01.07.2021 | 18:00  –  19:15

Impfstoff für alle! Was lässt sich tun?

Max-Planck-Forum Berlin mit Direktor Reto M. Hilty


Livestream via YouTube

Prof. Dr. Dr. h.c. Reto M. Hilty
Direktor Prof. Dr. Dr. h.c. Reto M. Hilty

Die Impfung ist derzeit der Königsweg aus der weltweiten Corona-Pandemie. Doch wie kann mehr Impfstoff möglichst rasch produziert und global verteilt werden? In der aktuellen Debatte trifft die Forderung nach Aussetzung des Patentschutzes für Covid-19-Impfstoffe auf Bedenken, dass dies notwendige Innovation langfristig verhindern könnte. Das Forum bringt die Standpunkte zusammen und fragt nach. Wie gelangen wir zu mehr globaler Gerechtigkeit in der Bekämpfung der Pandemie und sichern zugleich den Rahmen für Innovationen in der Arzneimittelforschung? Was bedeutet das in der Praxis?
 

In den Industrieländern geben sinkende Infektionszahlen und ein steigender Anteil geimpfter Menschen Anlass zu hoffen, dass Covid-19 bald überwunden sein könnte. Doch um die Pandemie langfristig zu besiegen und die Bildung von Mutationen einzudämmen, sollte der größte Teil der Weltbevölkerung möglichst rasch geimpft werden. Bislang haben Menschen in den ärmsten Ländern das größte Risiko an der Infektion zu sterben und die geringste Aussicht auf eine baldige Impfung.


Die Frage, wie mehr Impfstoff produziert und gerecht verteilt werden kann, wird derzeit heftig debattiert. Den Kern bildet die Forderung, den Patentschutz auf Corona-Impfstoffe auszusetzen. Doch führt dieser Weg wirklich zum Ziel oder bremst er notwendige Weiterentwicklungen? Das Forum erörtert die bisherigen Regelungen durch das internationale Patentrecht und fragt welche anderen Wege es geben kann, um rascher möglichst viel Menschen mit mehr Impfstoff zu versorgen.


Welche rechtlichen Regeln gelten für die Nutzung der von mRNA- und Vektor-Impfstoffen? Welche Verfahren, Abläufe und Inhaltsstoffe braucht es, um sie zu produzieren und zu verteilen und was sind die größten Hürden? Welche benötigen wir in Zukunft? Welche Folgen hätte die Aussetzung des Patentrechts als Eingriff des Staates in den Markt aktuell und auf lange Sicht, und was sollte getan werden, um Menschen in armen Ländern zu helfen?

 

Es diskutieren:


Prof. Dr. Reto Hilty, Max-Planck-Institut für Innovation und Wettbewerb, München
Als Experte für internationales Patentrecht warnt er vor einer Aushebelung des Patenschutzes in einem aktuellen Positionspapier.


Elisabeth Massute, Ärzte ohne Grenzen
Mit der Medikamentenkampagne setzt sich Ärzte ohne Grenzen für den Zugang zu bezahlbaren Medikamenten, Impfstoffen und Diagnostika für Menschen in ärmeren Ländern ein. In diesem Rahmen fordert Ärzte ohne Grenzen u.a. die Aussetzung des Patentschutzes für Covid-19-Technologien und schnelle Transfers der nötigen Technologien und des Know-how an geeignete Hersteller für eine Ausweitung der Produktion weltweit.


Prof. Dr. Stefan Kaufmann, Max-Planck-Institut für Infektionsbiologie, Berlin
Als emeritierter Direktor am MPI für Infektionsbiologie forscht Kaufmann seit Jahren über Infektionskrankheiten und ihre Bekämpfung und hat einen Impfstoff gegen Tuberkulose entwickelt, der nun in mehreren Phase III Studien auf Wirksamkeit getestet wird. Er kennt das Problem der Gesundheitsvorsorge in armen Ländern auch aus der Praxis.


Prof. Dr. Jochen Maas, Sanofi-Aventis Deutschland GmbH, Frankfurt-Hoechst
Jochen Maas leitet den deutschen Standort der globalen Forschung und Entwicklung bei einem der wichtigsten Pharmaunternehmen weltweit, das zwei Corona-Impfstoffmodalitäten – einen proteinbasierten und einen mRNA-Impfstoff - entwickelt. Der Impfstoff auf Proteinbasis befindet sich derzeit in der letzten klinischen Testphase und soll bei positivem Ausgang noch in diesem Jahr verfügbar sein. 


Moderation: Volkart Wildermuth, Wissenschaftsjournalist


Youtube-Video der Diskussion aus dem Harnack-Haus in Berlin.

Seminar  |  30.06.2021 | 15:00  –  16:15

Innovation & Entrepreneurship Seminar: Selling Impressions

Dirk Bergemann (Yale University)


Seminare finden derzeit im Online-Format statt (siehe Seminarseite).

When publishers sell impressions, advertisers cannot target viewers without information from the publisher.  By withholding information from advertisers (or limiting their ability to make contingent bids), the publisher can pool impressions for a given advertiser.  Pooling impressions increases market thickness but reduces efficiency.  We show that it is optimal for the publisher to pool high value impressions, in order to maintain market competition, but separate low value impressions, to maintain efficiency. (Joint work with Stephen Morris, MIT, and Tibor Heumann, PUC Chile)


Ansprechpartnerin: Marina Chugunova