First paper I RAed on. Very nice experience! :)

🔎 Patent citations are everywhere in innovation research. But do they really trace how ideas spill over between inventors—or are we mistaking legal paperwork for knowledge flows? 🧐

New on #ThePatentist: www.thepatentist.com/p/patent-cit...

#patents #innovation #spillovers

Interested in doing a Marie Curie Postdoc at Bocconi?
Several of us at the Management and Technology Department welcome expressions of interest (by April 22nd). For me, the general topic would be 𝐅𝐫𝐨𝐦 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐭𝐨 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧.

More information: www.unibocconi.it/en/horizon-e... (or reach out)

Very excited to see our paper "Like Stars: How Firms Learn at Scientific Conferences" out in print in Management Science! (with Stefano Baruffaldi - yet to join over here)

pubsonline.informs.org/doi/abs/10.1...

🎺 Call for Papers #CfP #MunichSummerInstitute #MSI2025 from 26-28 May 2025. ⏰ Hurry up! 📅 Deadline 1️⃣ 5️⃣ February 2025 ❗

#Digitalization #Strategy #Organization #Innovation #Entrepreneurship #Law #Economics #IP

🎓 MSI #PhD #Workshop on 26 May ❗

ℹ️ More information: www.ip.mpg.de/en/the-insti...

🎺We are now on @bsky.app ☑️☺️

We look forward to an #open and #EvidenceBased #discourse about #legal and #economic #research on processes of #innovation and their #regulation! ✨

Join us to explore 🔎 #IP #competition #law #economics #patents #entrepreneurship #AI #MachineLearning etc.❗
@maxplanck.de

Starter pack ❤️ for researchers in the #organizations / #entrepreneurship / #management space:

Orgs: bsky.app/starter-pack...

Ent: bsky.app/starter-pack...

Ent: bsky.app/starter-pack...

Management: bsky.app/starter-pack...

Management: bsky.app/starter-pack...

Thank you all for assembling these!

And of course my Bocconi homies: @giadadistefano.bsky.social @fpoege.bsky.social @shirleytang.bsky.social @aldona.bsky.social @nilanjanadutt.bsky.social @cedricgutierrez.bsky.social

📝The findings have major implications for entrepreneurs, managers, and policymakers. Striking a balance between the presence of large firms with complementary policies to promote startup hiring may be important to nurture a vibrant entrepreneurial economy.

Before startups hire on formal labor markets, other recruiting channels, e.g. networks, matter. Esp. startups led by women & minorities may face greater challenges in informal hiring and rely more on the labor market, and we find that they are more affected by crowding.

But to the extent that local big firms charge markups—higher prices over cost—they have stronger crowding effect. The rise of big firm markups contributes to the slower growth of startups that has hurt productivity growth in recent years.

🚀However, it's not all gloom for startups. Startups whose business is closely related to that of the large firms can benefit from spillovers and other agglomeration benefits, somewhat softening the impact of hiring competition – so that startups face a trade-off.

We look at job ads to see what happens to startups when big firms increase their hiring in local labor markets. We control for local labor FE and control for possible confounders with an instrumental variable for big firm hiring based on their hiring in other labor markets.

📈 We show that a rise in job ads from large firms leads to a 5-10% increase in startup pay offers for key roles (managerial, STEM, and sales). 📉 This 'crowding out' effect poses a big challenge for startups competing for talent, reducing startup growth by 36%.

Q: Do Big Firms foster or hurt local startups? A: BOTH. Big firms benefit startups in local regions, but big firms crowd out startups in the labor market, raising personnel costs & slowing growth.

New working paper: Competing for Talent: Large Firms and Startup Growth 🧵
w/ James Bessen, Ronja Röttger
ssrn.com/abstract=467...

Collective action WORKS

Falk is OUT at IZA

Kudos to those who led the way

https://www.deutsche-post-stiftung.org/wc/files/DPS-IZA_20231120_en.pdf

Are you interested in the economics of innovation? Then perhaps you will want to check out this podcast:

pca.st/podcast/61db...

Friendly reminder: since the home feed here has no algorithm, you need to actively engage (share, reply) with content you like and actively shun content you dislike. That is what drives visibility. Stop lurking and press that repost button folks. #neuroskyence #psychscisky

Guess I'm doom-scrolling two pages now #HelloSky