DPhil Reading list

1.         Foundations of Innovation Economics

a)          Technology, Innovation, and Evolutionary Theory

b)          The Nature of Ideas and Innovation

  • Jones, B. F. (2009). “The Burden of Knowledge and the ‛Death of the Renaissance Man’: Is Innovation Getting Harder?” Review of Economic Studies 76(1): 283-317.
  • Jones, B. F. (2010). “Age and Great Invention.” Review of Economics and Statistics 92(1): 1-14.

c)          Ideas, Innovation, and Economic Growth

  • Aghion, P., Akcigit, U., and Howitt, P. (2014). “What Do We Learn From Schumpeterian Growth Theory?” Handbook of Economic Growth 2B, 515-563.
  • Solow, Robert M. “A Contribution to the Theory of Economic Growth.” The Quarterly Journal of Economics 70, no. 1 (1956): 65-94. – ordered from Abe books
  • Arrow, Kenneth Joseph. “The Economic Implications of Learning by Doing.” Readings in the Theory of Growth (1971): 131-149.
  • Romer, Paul M. “Increasing Returns and Long-run Growth.” Journal of Political Economy 94, no. 5 (1986): 1002-1037.
  • Romer, Paul M. “Endogenous Technological Change.” Journal of Political Economy 98, no. 5 (1990): S71-S102.
  • Grossman, Gene M., and Elhanan Helpman. “Quality Ladders in the Theory of Growth.” The Review of Economic Studies 58, no. 1 (1991): 43-61.
  • Grossman, Gene M., and Elhanan Helpman. “Trade, Knowledge Spillovers, and Growth.” European Economic Review 35, nos. 2-3 (1991): 517-526.
  • Aghion, Philippe, and Peter Howitt. “A Model of Growth through Creative Destruction.” Econometrica 60, no. 2 (1992): 323-351.
  • Hall, Bronwyn H. “Innovation and Productivity.” NBER Working Paper (2011).
  • Braguinsky, Serguey, Atsushi Ohyama, Tetsuji Okazaki, and Chad Syverson. “Product Innovation and Industrialization.” American Economic Review 111, no. 12 (2021): 3795-3826.
  • Griliches, Zvi. “The Search for R&D Spillovers.” The Scandinavian Journal of Economics 94 (1992): S29–S47.

d)          Knowledge, Innovation, and Productivity Growth

  • Foray, D. (2004). The Economics of Knowledge. Cambridge, Massachusetts: MIT Press. Specifically Chapter 5: Knowledge Spillovers & Chapter 6: Knowledge as a Public Good
  • Freeman, C., & Soete, L. (1997). The Economics of Industrial Innovation (3rd ed.). Cambridge, Massachusetts: MIT Press.
  • Rosenberg, N. (1979). Technological Interdependence in the American Economy. Technology and Culture, 20(1), 25-50.
  • Mokyr, J. (1990). The Lever of Riches: Technological Creativity and Economic Progress. New York: Oxford University Press. Specifically Chapter 1: Introduction
  • Petroski, H. (1992). The Evolution of Useful Things. New York: Alfred A. Knopf. Specifically Chapter 4: From Pins to Paper Clips
  • Maddison, A. (1994). Explaining the Economic Performance of Nations, 1820-1989. In Baumol, W. J., Nelson, R. R., & Wolff, E. N. (Eds.), Convergence of Productivity: Cross-National Studies and Historical Evidence (pp. 20-61).
  • Baumol, W. J. (2010). The Microtheory of Innovative Entrepreneurship. Princeton, New Jersey: Princeton University Press. Introduction and Chapter 1
  • Hall, B. H. (2011). Innovation and Productivity. Cambridge, Massachusetts: National Bureau of Economic Research. NBER Working Papers, No. 17178.
  • Mokyr, J. (1990). Lever of Riches.
  • Freeman, C., & Soete, L. (1997). Economics of Industrial Innovation.
  • Mokyr, J. (2009). Intellectual Property Rights, the Industrial Revolution, and the Beginnings of Modern Economic Growth. American Economic Review, 99(2), 349-355.
  • Mowery, D. C., & Rosenberg, N. (1998). Paths of Innovation: Technological Change in 20th-Century America. Cambridge and New York: Cambridge University Press.

2.         Firm-Level Dynamics and Strategies

a)          The Schumpeterian Firm

  • Dosi G. Nelson R. Winter S. “The nature and dynamics of organizational capabilities” Oxford University Press 2001 Chapter 1.
  • Katkalo S. Pitelis C. Teece D. “On the nature and scope of dynamic capabilities” Industrial and Corporate change August 2010.
  • Winter S. “Towards a new Schumpeterian theory of the firm” Industrial and Corporate Change 2006, 1.
  • Teece D. “Dynamic Capabilities: Routines versus Entrepreneurial Action” Journal of Management Studies 49:8 December 2012.
  • Winter S. “Understanding dynamic capabilities” Strategic Management Journal 24, 2003.

b)          Innovation, Market Structure, and Industry Dynamics

  • Malerba F. “Innovation and the dynamics of industries: progress and challenges” International Journal of Industrial Organization 2007.
  • Dahl M. Sorenson O. “The who, why and how of spin-offs” Industrial and Corporate change 2013 September.
  • Jacobides M. and Winter S. “The co-evolution of capabilities and transaction costs: explaining the institutional structure of production” Strategic Management Journal 2005 26, 395-413.
  • Klepper S. Sleeper S. “Entry by spin-off” Management Science 2005.

c)          Modelling Innovation and Industry Evolution

  • Klepper S. “Entry, exit, growth, and innovation over the product life cycle” American Economic Review 86, 562-583, 1996.
  • Malerba F., Nelson R., Orsenigo L., Winter S., “A history friendly model of the coevolution of the computer and semiconductor industries” Industrial and Corporate change 2008.
  • Jacobides M. “How capabilities differences, transaction costs and learning curves interact to shape vertical scope” Organization Science 2008 v. 19, n2.
  • Cabral L. “Industry shake outs” Industrial and Corporate Change 2012 (3).

d)          Incentives for Innovation: Contracts and Control Rights

  • Manso, G. (2011). “Motivating Innovation.” Journal of Finance 66(5): 1823-1860.
  • Aghion, P., and Tirole, J. (1994). “The Management of Innovation.” Quarterly Journal of Economics 109(4): 1185-1209.
  • Azoulay, P., Zivin, J. G., and Manso, G. (2011). “Incentives and Creativity: Evidence from the Academic Life Sciences.” RAND Journal of Economics 42(3): 527-554.
  • Ederer, F., and Manso, G. (2013). “Is pay for performance detrimental to innovation?”, Management Science 59(7): 1479-1724.
  • Lerner, J., and Malmendier, U. (2010). “Contractibility and the Design of Research Agreements.” American Economic Review 100(1): 214-246.
  • Tian, X., and Wang, T. Y. (2014). “Tolerance for Failure and Corporate Innovation.” Review of Financial Studies 27(1): 211-255.
  • Hellmann, T., and Thielez, V. (2011). “Incentives and Innovation: A Multi-tasking Approach.” American Economic Journal: Microeconomics 3(1): 78-128.
  • Poblete, J., and Spulber, D. F. (2012). “The Form of Incentive Contracts: Agency with Moral Hazard, Risk Neutrality, and Limited Liability,” RAND Journal of Economics 43(2), 215–234.

3.         Competitive Dynamics and Market Structures

a)          Schumpeterian Competition: Models and Evidence

  • Breschi S., Malerba F., Orsenigo L., “Technological regimes and sectoral patterns of innovation” Economic Journal, 2000.
  • Suarez F. and Lanzolla G. “The role of environmental dynamics in building a first mover advantage” Academy of management review 2007 32, 377-392.
  • Bergek A. et al. “Technological discontinuities and the challenge for incumbent firms: destruction, disruption or creative accumulation?” Research Policy 42 (2013) 1210-1224.
  • Adner R. Snow D. “Old technology responses to new technology threats” Industrial and Corporate change 2010 n. 5.

b)          The Role of Star Scientists in Innovation

  • Azoulay, Pierre, Joshua S. Graff Zivin, and Jialan Wang. “Superstar Extinction.”

c)          Inequality in Innovation

  • Bell, Alex, Raj Chetty, Xavier Jaravel, Neviana Petkova, John Van Reenen. “Who Becomes an Inventor in America? The Importance of Exposure to Innovation.”
  • Chetty, Raj, John Friedman, Emmanuel Saez, Nicholas Turner, and Danny Yagan. “Mobility Report Cards: The Role of Colleges in Intergenerational Mobility.”
  • Aghion, Phillipe, Ufuk Akcigit, Ari Hyytinen, and Otto Toivanen. “The Social Origins of Inventors.”
  • Kaplan, Steven N., and Joshua Rauh. “It’s the Market: The Broad-Based Rise in the Return to Top Talent.”

d)          Growth theory

  • Barro, Robert J., and Xavier Sala-i-Martin. “Economic Growth.” McGraw-Hill (1995).
  • Jones, Charles I. “R&D-Based Models of Economic Growth.” Journal of Political Economy 103, no. 4 (1995): 759-784.
  • Aghion, Philippe, and Peter Howitt. “The Economics of Growth.” MIT Press (2009).

4.         Innovation Diffusion and Adoption

a)          Geography and Localization of Knowledge

  • Jaffe, Adam B., Manuel Trajtenberg, and Rebecca Henderson. “Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations.” The Quarterly Journal of Economics 108, no. 3 (1993): 577-598.

c)          International Technology and R&D

  • Keller, Wolfgang. “International Technology Diffusion.” Journal of Economic Literature 42, no. 3 (2004): 752-782.
  • Hall, Bronwyn H., Jacques Mairesse, and Pierre Mohnen. “Measuring the Returns to R&D.” Handbook of the Economics of Innovation 2 (2010): 1033-1082.

5.         Intellectual Property Rights and Legal Frameworks

a)          Patents and IPR

  • Cohen W., Goto A., Nagata A., Nelson R., Walsh J., 2002. “R&D spillovers, patents and the incentives to innovate in Japan and the US,” Research Policy.
  • Hall B., Ziedonis R., 2001. “The patent paradox revisited: an empirical study of patenting behaviour in the US semiconductor industry: 1979-1995,” Rand Journal of Economics Spring.
  • Bronwyn Hall, 2007. “Patents and Patent Policy,” Oxford Review of Economic Policy 23, 4.
  • Rassenfosse et al., 2013. “The worldwide count of priority patents: a new indicator of inventive activity,” Research Policy (42) p. 720-737.
  • Forero Pinedo, 2006. “The impact of stronger intellectual property rights on science and technology in developing countries,” Research Policy, 35.
  • Jaffe A., Trajtenberg M., 2001. “Patents, citations and innovations,” MIT Press.
  • Arora A., Ceccagnoli A, 2008. “R&D and the patent premium,” International Journal of Industrial Organization.
  • Mazzoleni R., Nelson R., 1998. “The benefits and cost of strong patent protection,” Research Policy.
  • Scotchmer S., 2004. “Innovation and incentives,” MIT Press Introduction.
  • Gallini N., 2002. “How well is the US patent system working?,” Journal of Economic Perspectives.
  • Dosi G., Marengo L., Pasquali C., 2006. “How much should society fuel the greed of innovators,” Research policy n. 35 7.

b)          Patents and Innovation

  • Boldrin, Michele and David K. Levine. “The Case Against Patents.”
  • Moser, Petra. “How Do Patent Laws Influence Innovation? Evidence from Nineteenth-Century World’s Fairs.”
  • Moser, Petra. “How Do Patent Laws Influence Innovation? Evidence from Nineteenth-century World’s Fairs.” American Economic Review 95, no. 4 (2005): 1214-1236.
  • Williams, H. L. (2013). “Intellectual Property Rights and Innovation: Evidence from the Human Genome.” Journal of Political Economy 121(1): 1-27.
  • Moser, P. (2013). “Patents and Innovation: Evidence from Economic History.” Journal of Economic Perspectives 27(1): 23-44.
  • Weyl, E. G., and Tirole, J. (2013). “Market Power Screens Willingness-to-Pay.” Quarterly Journal of Economics 127(4): 1971-2003.
  • Kremer, M. (1998). “Patent Buyouts: A Mechanism for Encouraging Innovation.” Quarterly Journal of Economics 113(4): 1137-1167.
  • Kremer, M., and Snyder, C. M. (2015). “Preventives Versus Treatment.” Quarterly Journal of Economics 130(3): 1167-1239.
  • Boldrin, M., and Levine, D. (2002). “The Case Against Intellectual Property.” American Economic Association Papers & Proceedings 92(2): 209-212.
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c)          Patents and Technological Innovation

  • Trajtenberg, Manuel, Rebecca Henderson, and Adam Jaffe. “University Versus Corporate Patents: A Window on the Basicness of Invention.” Economics of Innovation and New Technology 5, no. 1 (1997): 19-50.
  • Kogan, Leonid, et al. “Technological Innovation, Resource Allocation, and Growth.” The Quarterly Journal of Economics 132, no. 2 (2017): 665-712.
  • Nordhaus, William D. “An Economic Theory of Technological Change.” American Economic Review 59, no. 2 (1969): 18–28.
  • Moser, Petra. “Patents and Innovation: Evidence from Economic History.” Journal of Economic Perspectives 27, no. 1 (2013): 23-44.
  • Boldrin, Michele, and David K. Levine. “The Case Against Patents.” Journal of Economic Perspectives 27, no. 1 (2013): 3-22.
  • Giorcelli, Michela, and Petra Moser. “Copyrights and Creativity: Evidence from Italian Opera in the Napoleonic Age.” Journal of Political Economy 128, no. 11 (2020): 4163-4210.
  • Hall, Bronwyn H., Adam B. Jaffe, and Manuel Trajtenberg. “The NBER Patent Citation Data File: Lessons, Insights, and Methodological Tools.” NBER Working Paper (2001).
  • Bloom, Nicholas, Mark Schankerman, and John Van Reenen. “Identifying Technology Spillovers and Product Market Rivalry.” Econometrica 81, no. 4 (2013): 1347-1393.

d)          Copyrights, Creativity, and Open Innovation

  • Giorcelli, Michela and Petra Moser. “Copyrights and Creativity. Evidence from Italian Operas.”
  • Li, Xing, Megan MacGarvie and Petra Moser. “Dead Poet’s Property. Does Copyright Increase Price.”
  • MacGarvie, Megan and Petra Moser. “Copyright and the Profitability of Authorship.”
  • Biasi, Barbara, and Petra Moser. “Effects of Copyright on Science. Evidence from the WWII Book Replication Program.”

6.         Collaborative Innovation and Networks

a)          R&D Collaborations and the Clustering of Innovators

  • Powell W., Grodal S., 2004. “Networks of innovators,” in J.Fagerberg et al., Handbook of innovation, Oxford University Press.
  • Baum J., Cowan R., Jonard N., 2010. “Network independent partner selection and the evolution of innovation networks,” Management Science.
  • Breschi S., Lissoni F., 2009. “Mobility of skilled workers and co-invention networks,” Journal of Economic Geography.
  • Cowan R., Jonard N., 2009. “Knowledge portfolio and the organization of innovation networks,” Academy of Management Review.
  • Cowan R., 2005. “Network models of innovation and knowledge diffusion,” in Breschi and Malerba, Oxford University Press.
  • Cassiman B., Veugelers R., 2002. “R-D cooperation and spillovers: some empirical evidence from Belgium,” American Economic Review.
  • Bettencourt L. M. A., Lobo J., Strumsky D., 2007. “Invention in the City: Increasing Returns in Patenting as a Scaling Function of Metropolitan Size,” Research Policy 36, 107-120.
  • Breschi S., Lissoni F., 2001. “Knowledge Spillovers and Local Innovation Systems: A Critical Survey,” Industrial and Corporate Change, vol. 10 n. 4, 975-1005.
  • Zucker L.G., Darby M.R., Armstrong J., 1998. “Geographically localized knowledge: spillovers or markets?,” Economic Inquiry.

b)          The Importance of Communication in Science

  • Waldinger, Fabian, with Alessandro Iaria and Carlo Schwarz. “Frontier Knowledge and Scientific Production: Evidence from the Collapse of International Science.”

7.         Public Policy and Institutional Influence

a)          Innovation and Public Policy

b)          Innovation and Economic Development

  • Moser, Petra and Alessandra Voena. “Compulsory Licensing: Evidence from the Trading with the Enemy Act.”
  • Baten, Joerg, Bianchi, Nicola and Moser, Petra. “Does Compulsory Licensing Discourage Invention? Evidence from German Patents after the US Trading-with-The-Enemy Act.”

c)          Technology Policies and National Systems of Innovation

d)          Financial Incentives and Innovation

  • Jones, Ben and Hans Hvide. “University Innovation and the Professor’s Privilege.”
  • Rao, Nirupama. “Do tax credits stimulate R&D spending? The effect of the R&D tax credit in its first decade.”

e)          Australian policy-making and the economics of innovation

8.         Research Methods and Data Analysis

a)          Introduction to Econometrics and R Programming

  • Angrist, Joshua D. and Joern-Steffen Pischke. Mastering Metrics, The Path from Cause to Effect.
  • Christoph Hanck, Martin Arnold, Alexander Gerber, and Martin Schmelzer. Introduction to Econometrics with R.

b)          Measuring innovation

9.         Sector-Specific Innovation Studies

a)          Agricultural Innovation

  • Moser, Petra and Paul Rhode. “Did Plant Patents Create the American Rose.”

c)          Issues in Technological Change

  • Arthur, W. Brian. (1994). Increasing Returns and Path Dependence in the Economy. Ann Arbor, Mich.: University of Michigan Press.
  • David, Paul A. (1985). Clio and the Economics of QWERTY. American Economic Review, 75(2), 332-337.
  • Liebowitz, S. J., & Margolis, Stephen E. (1990). The Fable of the Keys. Journal of Law and Economics, 33(1), 1-25.
  • Katz, Michael L., & Shapiro, Carl. (1994). Systems Competition and Network Effects. Journal of Economic Perspectives, 8(2), 93-115.
  • Besen, Stanley M., & Farrell, Joseph. (1994). Choosing How to Compete: Strategies and Tactics in Standardization. Journal of Economic Perspectives, 8(2), 117-131.
  • Liebowitz, S. J., & Margolis, Stephen E. (1994). Network Externality: An Uncommon Tragedy. Journal of Economic Perspectives, 8(2), 133-150.
  • Basker, Emek. (2012). Raising the Barcode Scanner: Technology and Productivity in the Retail Sector. American Economic Journal: Applied Economics, 2(3), 1-27.
  • Berlin, Mitchell. (1998). That Thing Venture Capitalists Do. Federal Reserve Bank of Philadelphia Business Review, January/February, 15-26.
  • Gompers, Paul A., & Lerner, Josh. (2001). The Money of Invention: How Venture Capital Creates New Wealth. Cambridge, Mass.: Harvard Business School Press.
  • Caselli, Francesco, & Coleman, John. (2001). Cross-Country Technology Diffusion: The Case of Computers. American Economic Review, 91(2), 328-335.
  • Comin, Diego, & Hobijn, Bart. (2004). Cross-Country Technology Adoption: Making the Theories Face the Facts. Journal of Monetary Economics, 51(1), 39-83.
  • Castellacci, Fulvio, & Natera, Jose Miguel. (2013). The Dynamics of National Innovation Systems: A Panel Cointegration Analysis of the Coevolution Between Innovative Capability and Absorptive Capacity. Research Policy, 42(3), 579-594.
  • Comin, Diego, Easterly, William, & Gong, Erick. (2010). Was the Wealth of Nations Determined in 1000 BC? American Economic Journal: Macroeconomics, 2(3), 65-97.
  • The Future of Jobs: The Onrushing Wave. (2014, January 18). The Economist.
  • Goldin, Claudia, & Katz, Lawrence F. (2008). The Race Between Education and Technology. Cambridge, Mass.: Belknap Press of Harvard University Press.
  • Acemoglu, Daron. (2002). Technical Change, Inequality, and the Labor Market. Journal of Economic Literature, 40(1), 7-72.
  • Beaudry, Paul, Doms, Mark, & Lewis, Ethan. (2010). Should the Personal Computer Be Considered a Technological Revolution? Evidence from U.S. Metropolitan Areas. Journal of Political Economy, 118(5), 988-1036.
  • Frey, Carl Benedikt, & Osborne, Michael. (2013). The Future of Employment: How Susceptible Are Jobs to Computerisation? University of Oxford Manuscript.

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