|Economics of Science & Engineering..................................................................................................|
Term: Fall 2019-2020
|Location: Baker 102 (Bloomberg Center, HBS)|
|Meeting Time: Fridays, 12pm-1:30pm|
|Description: Focus on work force and career issues. Topics include: Effects of globalization on work force and innovation, growth of networks in work; impact of career incentives on productivity; university policies; mobility between academe and industry; link between ideas and outputs.|
|List Serve/Announcements: Graduate Level Seminar|
SEMINAR THIS WEEK: Friday November 22 @ 12pm
|Sept 6, 2019||NO SEMINAR|
|Sept 13, 2019||Speaker: Jorge Guzman (Columbia Business School) (paper joint with Catherine Fazio and Scott Stern)||
TITLE: "The Impact of State-Level R&D Tax Credits on the Quantity and Quality of Entrepreneurship"
|Sept 20, 2019||
Speaker: Morgan Frank (Postdoc Assoc affiliated with the Human Dynamics research group at the Media Laboratory, the Institute for Data, Systems, and Society (IDSS), and the Initiative for the Digital Economy (IDE) at the Massachusetts Institute of Technology. Also a Research Collaborator at the Brigham and Women's Hospital (BWH).
TITLE: The Complexity of Workplace Skills and the Future of Work
|Sept 27, 2019||Speaker: Kevin Boudreau (D'Amore-McKim Sch of Business, Northeastern U) (paper joint with Matt Marx (Boston University||
Title: "From Theory to Practice: Field Experimental Evidence on Early Exposure of Engineering Majors to Professional Work"
|Oct 4, 2019||Speaker: Annabelle Fowler (Harvard University)||
TITLE: "Strategic Delay in the Introduction of Pharmaceutical Line Extensions"
ABSTRACT: This paper studies pharmaceutical firm decisions on follow-on product timing and finds evidence of strategic introduction delays. Prior to generic entry, firms can mitigate future revenue losses to generics by reformulating original products into line extensions. Because line extensions receive exclusivity periods upon approval that are separate from the original product’s, firms face a tradeoff: introduce line extensions early to attract new consumers and allow original product consumers to switch to the line extension, or delay introduction so that the line extension’s exclusivity extends beyond the original product’s. I show that the incentive for delayed introduction increases with the share of line extension sales that cannibalizes the original product. I test for delay using a novel dataset of over 650 original products approved in the US from 1985 to 2016. Consistent with strategic delay, an original product is 1.8 times as likely to have a line extension approved in the two years prior to generic entry, relative to a baseline period of four or more years prior. As the theory predicts, line extension types that are more likely to cannibalize their predecessor product have an increased likelihood of later entry. I use Monte Carlo simulations to estimate the length of the delay, and discuss results in the context of consumer welfare and innovation policy.
|Oct 11, 2019||No Seminar this week|
|Oct 18, 2019||No seminar this week|
|Oct 25, 2019||SPECIAL SEMINAR:||
TITLE: Some Executive Views of Technology on the Future of Work
ABSTRACT: A discussion regarding the effect of technology on work. How can scientific analysis help in the developing of policy solutions, legal and regulatory changes, and institutional frameworks, so that firms, workers and economies are equipped to meet the challenge of AI and robotics.
LOCATION: Cumnock Hall, Room 220
|Nov 1, 2019||Speaker: Meijun Liu (The University of Hong Kong, Division of information and technology) and Shuo Li Liu (Stanford University School of Engineering)||
TITLE: "The Growth of Pledging Patent as Collateral in China: The Effect of Policy and Impact on Patenting"
|Nov 8, 2019||Speaker: Galit Eizman (Research Associate, Harvard Kennedy School) (paper joint with Alice Ruichen Wang, Renmin Univ, China)||
TITLE: "Brands in Higher Education and the Impact on University Choice"
ABSTRACT: What influences higher education choices? In this paper we examine the relationship between brand names, university choice and willingness to pay for branded institutions. Using randomized control trial and revealed preferences method, we offer participants detailed information about selected universities, require them to select their preferred university, and give a donation, or purchase merchandise of this institution - with or without knowing the university name. The results provide a fascinating evidence for the statistically significant difference between the choices made by treatment and control groups. These results indicate a possible mismatch and off-equilibrium situation in the current higher education market
|Nov 15, 2019||Speaker: Ashley Nunes (Senior Research Associate, Labor and Worklife Program at Harvard Law School)||
TITLE: Can Driverless Technology Upend Personal Vehicle Ownership? A Bottom-Up Global Analysis"
ABSTRACT: Passenger vehicles are a major source of air pollution, exposure to which increases respiratory disease risk, amplifies life-threatening conditions and burdens the public purse. The negative externalities associated with these vehicles rise further when road accidents are considered. Almost all such accidents involving fatalities transpire when private users are in single vehicle incidents or collide with each other. Though autonomous vehicle technology can mitigate these effects, widespread adoption and proliferation demands cost competitiveness with the status quo; namely, conventionally driven vehicles. Here we show that contrary to mainstream discourse, this prospect is unlikely owing to supply-demand matching inefficiencies and impracticable profit expectations. In a single ridership model, we find capacity utilization rates would need to improve by nearly 100% and profits lowered by 37% for autonomous vehicles to achieve cost parity with their conventionally driven counterparts in a select US market. Similar cost impediments are observed in other international markets. We conclude that - absent the enforcement of targeted policy instruments - the widespread adoption of a technology that may dramatically improve public health outcomes is unlikely.
|Nov 22, 2019||Speaker: Edward Glaeser (Harvard University)||
TITLE: "The Spatial Mismatch Between Innovation and Joblessness" (paper joint with Naomi Hausman, Hebrew University of Jerusalem)
ABSTRACT: American technological creativity is geographically concentrated in areas that are generally distant from the country’s most persistent pockets of joblessness. Could a more even spatial distribution of innovation reduce American joblessness? Could Federal policies disperse innovation without significant costs? If research funding is already maximizing knowledge production, then spatial reallocation of that funding will reduce America’s overall innovation unless that reallocation comes with greater spending.Without any spatial reallocation, the primarily inventive parts of innovation policy, such as N.I.H.grants, can potentially aid underperforming areas by targeting the problems of those areas, like widespread disability. The educational aspects of innovation policy, such as Pell Grants, work-study, vocational training, and Federal overhead reimbursement on grants, currently have multiple objective and could focus more on employability in distressed areas. Lifting the cap on H1B visas in poorer places could attract outside human capital to those places. Geographically targeted entrepreneurship policies, such as eliminating the barriers to new business formation near universities and in distressed places, could potentially enhance employment growth in those regions. Spatially targeted employment subsidies will increase the returns to labor-intensive innovation in depressed areas, but we know little about how much innovation will respond to such subsidies.
PPT for SEMINAR: The Rise of Non-Employed Men
|Nov 29, 2019||Thanksgiving|
|Dec 6, 2019||
|Dec 13, 2019||Speaker:||
|END OF SEMESTER|