August 2023
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7 Reads
Academy of Management Proceedings
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August 2023
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7 Reads
Academy of Management Proceedings
May 2023
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446 Reads
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27 Citations
Strategic Management Journal
We suggest that AI can help decision-makers learn; specifically, that it can help them learn strategic interactions by serving as artificial training partners and thus help them to overcome a bottleneck of scarce human training partners. We present evidence from chess computers, the first widespread incarnation of AI. Leveraging the staggered diffusion of chess computers, we find that they did indeed help chess players improve by serving as a substitute for scarce human training partners. We also illustrate that chess computers were not a perfect substitute, as players training with them were not exposed to and thus did not learn to exploit idiosyncratic (“human”) mistakes. We discuss implications for research on learning, on AI in management and strategy, and on competitive advantage.
September 2022
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41 Reads
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13 Citations
Journal of Economics & Management Strategy
Standard‐essential patents (SEPs) have become a key element of technical coordination via standard‐setting organizations. Yet, in many cases, it remains unclear whether a declared SEP is truly standard‐essential. To date, there is no automated procedure that allows for a scalable and objective assessment of SEP status. This paper introduces a semantics‐based method for approximating the standard essentiality of patents. We provide details on the procedure that generates the measure of standard essentiality and present the results of several validation and robustness exercises. We illustrate the measure's usefulness in estimating the share of true SEPs in firm patent portfolios for several telecommunication standards.
October 2020
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131 Reads
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20 Citations
Review of Economics and Statistics
Pharmaceutical firms enjoy market exclusivity for new drugs from concurrent patent protection and exclusivity of the clinical trials data submitted for market approval. Patent invalidation during drug development renders data exclusivity the sole source of protection and shifts the period of market exclusivity. In instrumental variables regressions we quantify the effect of a one-year reduction in expected market exclusivity on the likelihood of drug commercialization. The effect is largely driven by patent invalidations early in the drug development process and by the responses of large originators. We hereby provide estimates of the responsiveness of R&D investments to market exclusivity expectations.
January 2020
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9 Reads
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2 Citations
SSRN Electronic Journal
January 2020
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5 Reads
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3 Citations
SSRN Electronic Journal
January 2020
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2 Reads
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3 Citations
SSRN Electronic Journal
... Here we are, however, more interested in exploring a less pessimistic, and we would argue more realistic, aspects of humans learning with and from AI. Successful learning normally requires immediate feedback (Lipnevich & Panadero, 2021), a process that becomes more complex in fields where performance is interdependent on interactions with other actors (Levine et al., 2017). In such scenarios, conventional methods like books, lectures, or even specialized coaching may not suffice (Gaessler & Piezunka, 2023). The alternative, involving interaction with a human training agent, though more efficient, often faces constraints due to availability (Gaessler & Piezunka, 2023). ...
May 2023
Strategic Management Journal
... Therefore, standardization has emerged as a crucial part of technical progress. Ex-ante collaboration between technology developers and implementers is essential for developing and implementing standards, especially when including private technologies [3]. Inventions are fundamental to meeting technical standards and are protected by standard-essential patents (SEPs). ...
September 2022
Journal of Economics & Management Strategy
... Communication problems like the ones discussed above could complicate this breakout. Since the allocation of Aussiedler aimed, among others, at the prevention of ethnic enclaves (Danzer, Feuerbaum and Gaessler 2020), the growth potential of young firms within the enclave might be very limited and they therefore would need to go mainstream relatively rapidly. ...
January 2020
SSRN Electronic Journal
... 2 Andersson, Karadja and Prawitz (2020) look at the effect of emigration to the US in the 19 th century in Sweden and find that more exposed municipalities experienced an increase in innovation (but they do not identify automation innovations). In a paper subsequent to ours, Danzer, Feuerbaum and Gaessler (2020) exploit German immigrant settlement policy to show that increases in labor supply discourage local automation innovation, while we exploit firm-level variation and focus on the effect of labor cost on global innovation. A large literature shows that the direction of innovation is endogenous in other contexts (e.g. ...
January 2020
SSRN Electronic Journal
... For assessing the degree of fencing around drugs as influenced by Markush patents, we rely on the Cortellis database. Following Gaessler and Wagner (2022), we identify all EPO patent documents associated with a given drug from Cortellis. 19 Note, that drugs are often tested against different medical indications. ...
Reference:
Mapping Markush
October 2020
Review of Economics and Statistics
... San (2019) shows that following the exclusion of Mexican seasonal agricultural workers, patenting increased for crops that rely more on agricultural labor. Danzer et al. (2020) rely on the regional allocation in Germany of ethnic German migrants from the collapsing Soviet Union. They also classify patents as automation or nonautomation and find that regions receiving more immigrants developed fewer automation patents. ...
January 2020
SSRN Electronic Journal