単位数: 2. 担当教員: 福川 信也. 開講年度: 2024. 開講言語: English.
[TM80004000]
Learning Management System (LMS): GoogleClassroom
classcode: oo4g2o3
Friday, 13:00-14:30 JST, Summer 2024
Students who consider taking this course must attend the first class held at LMS using Tohoku University email address. Access using non-TU accounts will be denied.
Goals
Students will be able to acquire theoretical framework for innovation economics. Students will be able to apply the framework to patent strategies of private companies and public research institutions by delivering presentations and discussing with others.
Course structure and requirements
This online course is a hybrid of my lecture (45 min) and students’ presentations (45 min).
13:00-13:45: lecture session
13:45-14:30: presentation session
This course requires participants to invest 90 study hours.
Papers are assigned every week for students to deliver presentations. Evaluation builds on the quality of presentations.
All students must upload a presentation file at LMS before the lecture starts.
Speakers are randomly selected during the lecture session. Non-speakers are randomly assigned to be discussants.
This course does not accept observers. All participants must be eligible for grading and credits.
A real-time participation in all sessions is required.
All communications are made in English. Participants need to have a good command of English.
Assignment
Week 1
Cassiman B, Vanormelingen S. 2013 Profiting from Innovation: Firm Level Evidence on Markups, CEPR Discussion Paper, Vol. 9703. https://www.iese.edu/media/research/pdfs/WP-1079-E.pdf
Ceccagnoli M. 2009 Appropriability, Preemption, and Firm Performance, Strategic Management Journal, Vol. 30, No. 1, pp. 81-98. https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.723
Hall BH, Sena V. 2014 Appropriability Mechanisms, Innovation and Productivity: Evidence from the UK, National Bureau of Economic Research Working Paper Series, No. 20514. https://www.nber.org/system/files/working_papers/w20514/w20514.pdf
Hussinger K. 2006 Is Silence Golden? Patents versus Secrecy at the Firm Level, Economics of Innovation and New Technology, Vol. 15, No. 8, pp. 735-752. https://www.researchgate.net/publication/24078534_Is_Silence_Golden_Patents_Versus_Secrecy_at_the_Firm_Level
Week 2
Onishi, K., Owan, H., and Nagaoka, S. 2021 How Do Inventors Respond to Financial Incentives? Evidence from Unanticipated Court Decisions on Employees' Inventions in Japan, Journal of Law and Economics, Volume 64, Number 2. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3025512
Week 3
Motohashi, K. 2016 Innovation and Entrepreneurship: A First Look at the Linkage Data of Japanese Patent and Enterprise Census, Seoul Journal of Economics, 29, No.1, 69-94. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2739526
Balasubramanian, N. and Sivadasan, J. 2011 What Happens When Firms Patent? New Evidence From U.S. Economic Census Data, Review of Economics and Statistics, 93(1): 126-146. http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00058
Week 4
Farre-Mensa, J., Hegde, D., and Ljungqvist, A. 2020 What Is a Patent Worth? Evidence from the U.S. Patent Lottery, Journal of Finance, Vol. LXXV, No. 2. https://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12867
Mann, W. 2018 Creditor rights and innovation: Evidence from patent collateral, Journal of Financial Economics, Volume 130, Issue 1, Pages 25-47. https://www.sciencedirect.com/science/article/abs/pii/S0304405X18301776
Hochberg, Y., Serrano, C., and Ziedonis, R. 2018 Patent collateral, investor commitment, and the market for venture lending, Journal of Financial Economics, Volume 130, Issue 1, Pages 74-94. https://www.sciencedirect.com/science/article/abs/pii/S0304405X1830151X
Week 5
Hall, B., von Graevenitz, G., and Helmers, C. 2021 Technology entry in the presence of patent thickets, Oxford Economic Papers, Volume 73, Issue 2, Pages 903-926. https://academic.oup.com/oep/article-abstract/73/2/903/5908270?redirectedFrom=fulltext
Week 6
Figueroa, N. and Serrano, C. 2019 Patent trading flows of small and large firms, Research Policy, Volume 48, Issue 7, Pages 1601-1616. https://www.sciencedirect.com/science/article/abs/pii/S0048733319300630
Haber, S. and Werfel, S. 2016 Patent trolls as financial intermediaries? Experimental evidence, Economics Letters, Volume 149, Pages 64-66. https://www.sciencedirect.com/science/article/pii/S0165176516303949
Appel, I., Farre-Mensa, J., and Simintzi, E. 2019 Patent trolls and startup employment, Journal of Financial Economics, Volume 133, Issue 3, Pages 708-725. https://www.sciencedirect.com/science/article/abs/pii/S0304405X19300030
Week 7
Helmers, C. and Rogers, M. 2011 Does patenting help high-tech start-ups?, Research Policy, Volume 40, Issue 7, Pages 1016-1027. https://www.sciencedirect.com/science/article/abs/pii/S0048733311000680
Helmers, C. and Rogers, M. 2010 Innovation and the Survival of New Firms in the UK, Rev Ind Organ, 36, 227-248. https://link.springer.com/article/10.1007/s11151-010-9247-7
Kato, M., Onishi, K., & Honjo, Y. 2022 Does patenting always help new firm survival? Understanding heterogeneity among exit routes, Small Business Economics, Volume 59, pages 449-475. https://link.springer.com/article/10.1007/s11187-021-00481-w
Week 8
Kogan, L., Papanikolaou, D., Seru, A. and Stoffman, N. 2017 Technological Innovation, Resource Allocation, and Growth, Quarterly Journal of Economics, Volume 132, Issue 2, Pages 665-712. https://doi.org/10.1093/qje/qjw040
Week 9
Moser, P. 2005 How Do Patent Laws Influence Innovation? Evidence from Nineteenth-Century World's Fairs, American Economic Review, VOL. 95, NO. 4, pp. 1214-1236. https://www.aeaweb.org/articles?id=10.1257/0002828054825501
Moser, P. 2013 Patents and Innovation: Evidence from Economic History, Journal of Economic Perspectives, VOL. 27, NO. 1, pp. 23-44. https://www.aeaweb.org/articles?id=10.1257/jep.27.1.23
Schedule
No. Date Lecture Presentation
1 12Apr Guidance .
2 19Apr Module 1 .
3 26Apr Module 1 .
. 3May* *Holiday .
. 10May* *Cancelled .
4 17May Module 2 Know-how
5 24May Module 2 Employee inventions
6 31May Module 2 Who is patenting?
. 7Jun* *Cancelled .
7 14Jun Module 2 Signaling effect of patents on VF
8 21Jun Module 3 Patent thicket
9 28Jun Module 3 Patent trolls
10 5Jul Module 3 Startup growth
11 12Jul Module 3 Commercial value of patents
12 19Jul Module 3 Historical view on patent system
[TM80004000]
Learning Management System (LMS): GoogleClassroom
classcode: oo4g2o3
Friday, 13:00-14:30 JST, Summer 2024
Students who consider taking this course must attend the first class held at LMS using Tohoku University email address. Access using non-TU accounts will be denied.
Goals
Students will be able to acquire theoretical framework for innovation economics. Students will be able to apply the framework to patent strategies of private companies and public research institutions by delivering presentations and discussing with others.
Course structure and requirements
This online course is a hybrid of my lecture (45 min) and students’ presentations (45 min).
13:00-13:45: lecture session
13:45-14:30: presentation session
This course requires participants to invest 90 study hours.
Papers are assigned every week for students to deliver presentations. Evaluation builds on the quality of presentations.
All students must upload a presentation file at LMS before the lecture starts.
Speakers are randomly selected during the lecture session. Non-speakers are randomly assigned to be discussants.
This course does not accept observers. All participants must be eligible for grading and credits.
A real-time participation in all sessions is required.
All communications are made in English. Participants need to have a good command of English.
Assignment
Week 1
Cassiman B, Vanormelingen S. 2013 Profiting from Innovation: Firm Level Evidence on Markups, CEPR Discussion Paper, Vol. 9703. https://www.iese.edu/media/research/pdfs/WP-1079-E.pdf
Ceccagnoli M. 2009 Appropriability, Preemption, and Firm Performance, Strategic Management Journal, Vol. 30, No. 1, pp. 81-98. https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.723
Hall BH, Sena V. 2014 Appropriability Mechanisms, Innovation and Productivity: Evidence from the UK, National Bureau of Economic Research Working Paper Series, No. 20514. https://www.nber.org/system/files/working_papers/w20514/w20514.pdf
Hussinger K. 2006 Is Silence Golden? Patents versus Secrecy at the Firm Level, Economics of Innovation and New Technology, Vol. 15, No. 8, pp. 735-752. https://www.researchgate.net/publication/24078534_Is_Silence_Golden_Patents_Versus_Secrecy_at_the_Firm_Level
Week 2
Onishi, K., Owan, H., and Nagaoka, S. 2021 How Do Inventors Respond to Financial Incentives? Evidence from Unanticipated Court Decisions on Employees' Inventions in Japan, Journal of Law and Economics, Volume 64, Number 2. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3025512
Week 3
Motohashi, K. 2016 Innovation and Entrepreneurship: A First Look at the Linkage Data of Japanese Patent and Enterprise Census, Seoul Journal of Economics, 29, No.1, 69-94. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2739526
Balasubramanian, N. and Sivadasan, J. 2011 What Happens When Firms Patent? New Evidence From U.S. Economic Census Data, Review of Economics and Statistics, 93(1): 126-146. http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00058
Week 4
Farre-Mensa, J., Hegde, D., and Ljungqvist, A. 2020 What Is a Patent Worth? Evidence from the U.S. Patent Lottery, Journal of Finance, Vol. LXXV, No. 2. https://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12867
Mann, W. 2018 Creditor rights and innovation: Evidence from patent collateral, Journal of Financial Economics, Volume 130, Issue 1, Pages 25-47. https://www.sciencedirect.com/science/article/abs/pii/S0304405X18301776
Hochberg, Y., Serrano, C., and Ziedonis, R. 2018 Patent collateral, investor commitment, and the market for venture lending, Journal of Financial Economics, Volume 130, Issue 1, Pages 74-94. https://www.sciencedirect.com/science/article/abs/pii/S0304405X1830151X
Week 5
Hall, B., von Graevenitz, G., and Helmers, C. 2021 Technology entry in the presence of patent thickets, Oxford Economic Papers, Volume 73, Issue 2, Pages 903-926. https://academic.oup.com/oep/article-abstract/73/2/903/5908270?redirectedFrom=fulltext
Week 6
Figueroa, N. and Serrano, C. 2019 Patent trading flows of small and large firms, Research Policy, Volume 48, Issue 7, Pages 1601-1616. https://www.sciencedirect.com/science/article/abs/pii/S0048733319300630
Haber, S. and Werfel, S. 2016 Patent trolls as financial intermediaries? Experimental evidence, Economics Letters, Volume 149, Pages 64-66. https://www.sciencedirect.com/science/article/pii/S0165176516303949
Appel, I., Farre-Mensa, J., and Simintzi, E. 2019 Patent trolls and startup employment, Journal of Financial Economics, Volume 133, Issue 3, Pages 708-725. https://www.sciencedirect.com/science/article/abs/pii/S0304405X19300030
Week 7
Helmers, C. and Rogers, M. 2011 Does patenting help high-tech start-ups?, Research Policy, Volume 40, Issue 7, Pages 1016-1027. https://www.sciencedirect.com/science/article/abs/pii/S0048733311000680
Helmers, C. and Rogers, M. 2010 Innovation and the Survival of New Firms in the UK, Rev Ind Organ, 36, 227-248. https://link.springer.com/article/10.1007/s11151-010-9247-7
Kato, M., Onishi, K., & Honjo, Y. 2022 Does patenting always help new firm survival? Understanding heterogeneity among exit routes, Small Business Economics, Volume 59, pages 449-475. https://link.springer.com/article/10.1007/s11187-021-00481-w
Week 8
Kogan, L., Papanikolaou, D., Seru, A. and Stoffman, N. 2017 Technological Innovation, Resource Allocation, and Growth, Quarterly Journal of Economics, Volume 132, Issue 2, Pages 665-712. https://doi.org/10.1093/qje/qjw040
Week 9
Moser, P. 2005 How Do Patent Laws Influence Innovation? Evidence from Nineteenth-Century World's Fairs, American Economic Review, VOL. 95, NO. 4, pp. 1214-1236. https://www.aeaweb.org/articles?id=10.1257/0002828054825501
Moser, P. 2013 Patents and Innovation: Evidence from Economic History, Journal of Economic Perspectives, VOL. 27, NO. 1, pp. 23-44. https://www.aeaweb.org/articles?id=10.1257/jep.27.1.23
Schedule
No. Date Lecture Presentation
1 12Apr Guidance .
2 19Apr Module 1 .
3 26Apr Module 1 .
. 3May* *Holiday .
. 10May* *Cancelled .
4 17May Module 2 Know-how
5 24May Module 2 Employee inventions
6 31May Module 2 Who is patenting?
. 7Jun* *Cancelled .
7 14Jun Module 2 Signaling effect of patents on VF
8 21Jun Module 3 Patent thicket
9 28Jun Module 3 Patent trolls
10 5Jul Module 3 Startup growth
11 12Jul Module 3 Commercial value of patents
12 19Jul Module 3 Historical view on patent system
See above.
See above.
See above.
See above.
See above.
See above.
See above.
See above.