Brown Bag Seminar Industrial Economics

Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms) ...

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The European Commission commissioned an international consortium including the DIW Berlin with a background study on State aid in the field of environmental protection and energy. The results of the study are meant to support the Commission in the revision of the EU Guidelines on State aid for environmental protection and energy (EEAG). One key focus of the study was to assess the current rules ...

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The self-employed are among those facing the highest probability of strong income losses during the COVID-19 pandemic. Governments in many countries introduced support programs to support the self-employed, including the German federal government, which approved a €50bn emergency aid program at the end of March 2020 offering one-off lump-sum payments of up to €15,000 to those facing ...

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Germany is leading in green competitiveness of its product exports. Deploying the green economic complexity methodology using German AFiD firm-level micro data, this study seeks to analyze explanatory variables for this trend such as green R&D subsidies and subnational density of related green technologies in the light of path dependencies in firms accumulation of green capabilities. It ...

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We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of block holdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led ...

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Common ownership - when an investor holds shares in two companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership measure derived from ...

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This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   Large-scale personal data collection for the purpose of personalized predictions has been driven by high expectations of efficiency gains in many business and policy settings. Yet, quantifying the trade-off between the costs of linking disconnected silos of personal ...

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This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   A fast growing and diverse literature has addressed one of the riddles of economic developments: the declining labor productivity growth in almost all advanced economies. One of the reasons discussed is the shift towards service industries with inherently low ...

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This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   The tracking of online user behavior is considered essential for the construction of consumer profiles, which help platforms monetize their services. Prominent examples are advertising in online search or social media, but also online retailing in which matching ...

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This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   High and growing prescription drug costs in the United States are a major concern for policy makers. This paper focuses on the extent to which promotional gifts and other transfers made to physicians by pharmaceutical companies cause physicians to prescribe more ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Charlotte will summarize the methodology of textmining for information retrieval, different techniques, advantages and disadvantages. Primarily, she will be discussing the textmining procedure she undertook to develop and verify a database about the merger level characteristics and Commission's ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   There is an ongoing debate both in academia and in policy circles about the effects of takeovers of small, young firms by large incumbents in innovative industries. Many argue that such takeovers are anticompetitive and harm innovation by killing off nascent competition. ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   Antibiotic resistance is a severe problem within our current health systems. One of the main strategies to combat the rise of antibiotic resistance is to improve individual physicians' antibiotic prescribing practices. However, this strategy requires that differences in ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   Cities worldwide have regulated the peer-to-peer short-term rental market claiming that those markets remove apartments from the long-term housing market, causing an increase in rents. However, at the time many of these policies were passed, empirical evidence for or ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:  In the last ten years, Google, Apple, Facebook, Amazon, and Microsoft (GAFAM) acquired more than 400 companies, predominantly in the technological sector. Competition authorities did not scrutinize most of these transactions, as they did not reach the traditional thresholds, ...

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This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:  This paper analyzes the relationship between common ownership – when two firms are partially held by the same investor – and markups. Combining firm-level financial data from Europe with ownership data of publicly listed firms, we structurally estimate production ...

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This event takes place online via Zoom. Abstract:  While the coronavirus spreads around the world, governments are attempting to reduce contagion rates at the expense of negative economic effects. Market expectations have plummeted, foreshadowing the risk of a global economic crisis and mass unemployment. Governments provide huge financial aid programmes to mitigate the expected economic ...

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Abstract:  We study competition between Airbnb and hotel accommodations in Paris in 2017 to assess the welfare implications of Airbnb’s presence on hotels and travelers. The existing literature on the subject exclusively uses across city variation in Airbnb diffusion. Consequently, it does not take into account that the location of an accommodation within a city might be an important ...

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Abstract:  An increasing body of empirical evidence has documented trends to risen concentration, profits, markups, and market power in many industries across the world since the 1980s. Several factors – such as globalisation, digitisation, the increased role of intangible assets and sunk costs, as well as M&A activity and the (under)enforcement of merger control– have been ...

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Abstract:  Trust is thought to be an important driver of economic growth and other economic outcomes. Previous studies suggest that trust may be a combination of risk attitudes, distributional preferences, betrayal aversion, and beliefs about the probability of being reciprocated. We compare the results of a binary trust game to the results of a series of control treatments that remove the ...

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