Events

Max Planck Institute for Innovation and Competition, Munich, Room 313

Abstract:
Generic penetration in the U.S. pharmaceutical market has increased, providing significant gains in consumer surplus. What impact has this had on the rate and direction of pharmaceutical innovation? While the overall level of drug development activity has increased, our estimates suggest a sizable, robust, negative relationship between rising generic penetration and early-stage pharmaceutical innovation in the same therapeutic areas. We also find that increasing generic penetration induces firms to shift their R&D activity towards more biologic-based products and away from chemical-based products. We conclude by discussing potential implications of our results for long-run welfare, policy, and innovation.

Contact Person: Zhaoxin Pu

Max Planck Institute for Innovation and Competition, Munich, Room 313

Abstract:
We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representative firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly positive, non-existent, or even negative, depending on which sectors receive FDI. When foreign firms produce in the same narrow sector as domestic firms, the latter are negatively affected by increasing competition and positively affected by knowledge spillovers. We find that the positive spillovers dominate if foreign firms enter sectors where firms are “technologically close,” controlling for the endogeneity of their entry decision into such sectors. Positive technology spillovers also affect firms in other sectors, if those sectors are technologically close to the sectors receiving FDI. Increasing FDI in sectors that are technologically close to other sectors boosts TFP of domestic firms by twice as much as increasing FDI by the same amount across all sectors.

Contact Person: Zhaoxin Pu

In cooperation with the Max Planck Institute for Innovation and Competition in Munich, the Oxford University and the University of Haifa will hold a workshop at the premises of the Max Planck Institute on 15-16 June 2018 to discuss the benefits and especially the risks of algorithms given the exponential growth of their use in the marketplace.

Max Planck Institute for Innovation and Competition, Room E10

In cooperation with the Max Planck Institute for Innovation and Competition in Munich, the Association Internationale de Droit Economique (AIDE) will hold a workshop at the premises of the Max Planck Institute on 11 June 2018 to discuss the role of economic law as regards the current crises of democracy.

Programme as PDF in English
Programme en PDF en Français

Max Planck Institute for Innovation and Competition, Munich, Room E10

Im Rahmen einer in Frankreich im Jahre 2014 erstellten Studie zum Einfluss von gewerblichen Schutzrechten, gezeigt am Beispiel einer Rapssorte für die Ölerzeugung, wurde versucht, den Nachweis zu führen, dass gewerbliche Schutzrechte von wesentlichem EInfluss auf die Forschungs- und Innovationsbereitschaft von auf diesem Gebiet tätigen Unternehmen sind. Der Vortrag soll eine Analyse dieser Studie und hieraus zu ziehende Schlussfolgerungen bieten. Die immaterialgüterrechtlichen Legitimationsfragen grundsätzlicher Art, die insbesondere mit dem Sortenschutzrecht verbunden sind, sollen hierbei einbezogen werden.

Gert Würtenberger ist als Rechtsanwalt seit Jahrzehnten ausschließlich auf dem Gebiet des gewerblichen Rechtsschutzes und den damit verbundenen Rechtsmaterien tätig, insbesondere auf dem Gebiet der Markenanmelde- und verletzungsverfahren sowie der Sortenschutzanmelde- und verletzungsverfahren. Zu den weiteren Tätigkeitsschwerpunkten gehören das Lizenzvertragsrecht, Unionsrecht sowie das Kartellrecht, soweit dieses Einfluss auf den Erwerb, die Ausübung und Lizenzierung von gewerblichen Schutzrechten hat.
Er ist Autor zahlreicher Fachbeiträge in nationalen und internationalen Fachzeitschriften sowie Mitautor eines maßgebenden deutschen Handbuchs zum nationalen und europäischen Sortenschutz. Darüber hinaus ist er Initiator und Mitherausgeber eines englischen Kommentars zum Sortenschutz in der Europäischen Union.
Seit 2008 ist Gert Würtenberger Vorsitzender des GRUR-Fachausschusses für den Schutz von Pflanzenzüchtungen, seit 2014 Präsident der GRUR. Darüber hinaus ist er Obmann des Süddeutschen Schiedsgerichts für Saatgut- und Sortenschutzstreitigkeiten.

Zur Erleichterung unserer Vorbereitungen bitten wir um Anmeldung bis Mittwoch, den 6. Juni 2018 per E-Mail an elisabeth.amler(at)ip.mpg.de

From June 4 to 6, 2018, the Center for Law & Economics at ETH Zurich, the Chair for Technology and Innovation Management at TUM, the Institute for Strategy, Technology and Organization at LMU Munich and the Max Planck Institute for Innovation and Competition will jointly organize the third Munich Summer Institute.

The Summer Institute will focus on three areas:

• Digitization, Strategy and Organization
  (chairs: Jörg Claussen and Tobias Kretschmer),
• Innovation and Entrepreneurship
  (chairs: Dietmar Harhoff and Joachim Henkel), and
• Law & Economics of Intellectual Property and Innovation
  (chair: Stefan Bechtold).

The goal of the Munich Summer Institute is to stimulate a rigorous in-depth discussion of a select number of research papers and to strengthen the interdisciplinary international research community in these areas. Researchers in economics, law, management and related fields at all stages of their career (from Ph.D. students to full professors) may attend the Munich Summer Institute as presenters in a plenary or a poster session, as discussants or as attendants. The Munich Summer Institute will feature three keynote lectures, 18 plenary presentations and a daily poster session (including a poster slam). Paper presentations will be grouped by topics, not discipline or method. The Munich Summer Institute will be held at the Bavarian Academy of Sciences and Humanities in the heart of Munich. Participation is by invitation only. The organizers will fund travel and hotel expenses for all plenary speakers and hotel expenses for all poster presenters and invited discussants.

Keynote speakers are:

• Ashish Arora (Duke University)
• Luis Cabral (New York University)
• Joel Waldfogel (University of Minnesota)

Paper submission procedure

Researchers who would like to present a paper are invited to submit their paper online until February 15, 2018, at the MSI website. The Munich Summer Institute only considers papers which have not been published or accepted for publication at the date of submission. Paper selections will be announced in March 2018. The program of the Munich Summer Institute will be available on April 1, 2018. Final papers will be made available to conference participants on a protected website, and are due on May 1, 2018. Researchers who would like to attend the Munich Summer Institute without giving a presentation should contact one of the organizers by May 1, 2018.

Further information

Any questions concerning the Munich Summer Institute should be directed to Stefan Bechtold, Jörg Claussen, Dietmar Harhoff, Joachim Henkel or Tobias Kretschmer.

Max Planck Institute for Innovation and Competition, Munich, Room 313

This talk will review the speaker’s and other researchers’ efforts to quantify technological change. Some challenges have been at least partially met but others are still outstanding. The important issues include what to measure (the dependent variable) and a variety of economic and technical measures will be considered with the conclusion that functional performance metrics are the most informative about what we want to learn. To quantify change, we also need to decide what the performance metrics theoretically depend upon (the independent variable). One obvious candidate is time but given work by Wright and many others, the presentation will also consider whether an effort variable such as cumulative demand/production or R&D spending improves the understanding of technological change. After making contestable decisions on the variables, the result for a wide variety of technological domains appears to be a generalization of Moore’s Law. However, this exponential relationship with time is quite noisy but more importantly, many (probably most) researchers of technological change do not find the generalized Moore’s Law (GML) acceptable. The final part of the presentation will be discussion and speculation about various reasons for this reality including practical utility, quantitative theoretical foundations and deep qualitative reasoning.

 
Contact Person: Dr. Marco Kleine

Moderation: Luc Desaunettes