Research
Technology
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WORKING PAPERS
A Theory of Visionary Disruption, 2022
Internal Disagreement and Disruptive Technologies, 2022
Trump, Technology and Talent (with Richard Florida), Martin Prosperity Institute Paper, 2017.
The Dynamics of Intellectual Property Practices, 2005
The Economics of User-Based Innovation (with Scott Stern), 1998
Does Venture-Backed Investment in Start-Ups Drive Incumbent Innovation? Evidence from the Computer, Semiconductor and Pharmaceutical Industries (with Setio Anggoro Dewo and Joseph Hirschberg), 2006
PUBLISHED
“Entrepreneurial strategy: a choice-based approach to entrepreneurship education.” (with Erin L. Scott, and Scott Stern), Annals of Entrepreneurship Education and Pedagogy–2023 (2022): 393
“Experimental Choice and Disruptive Technologies,” Management Science (forthcoming); (previously, A Synthetic Model of Disruption and Experimentation) (Non-technical video summary on Faculti).
“Markets for Scientific Attribution,” (with Fiona Murray), Journal of Law, Economics and Organization, (forthcoming).
“Storm Crowds: Evidence from Zooniverse on Crowd Contribution Design,” (with Sandra Barbosu), Research Policy, Vol.51, No. 1 (2022): 104414.
“Enabling Entrepreneurial Choice,” Management Science (with Ajay Agrawal and Scott Stern), Vol. 67, No.9, 2021, pp.5510-5524.
“Choosing Technology: An Entrepreneurial Strategy Approach,” (with Michael Kearney, Erin Scott and Scott Stern), Strategy Science, Vol.6, No.1 (March 2021): 39-53.
“To Disrupt or not to Disrupt,” Sloan Management Review, March, 2020.
“Foundations of Entrepreneurial Strategy,” (with Scott Stern and Jane Wu), Strategic Management Journal, Vol.40, No.5, May 2019, pp.736-756.
“Getting Prices Right on Digital Music Copyright,” Review of Economic Research on Copyright Issues,” Vol.15, No.2, 2018, pp.1-22.
"Control versus Execution: Endogenous Appropriability and Entrepreneurial Strategy," (with Kenny Ching and Scott Stern), Industrial and Corporate Change, 2018, pp.1-20.
"Strategy for Start-Ups" (with Erin Scott and Scott Stern), Harvard Business Review, May-June, 2018.
"The Giant's Shoulders," in Stephen M. Maurer (ed.), On the Shoulders of Giants: Colleagues Remember Suzanne Scotchmer's Contributions to Economics, Cambridge University Press, 2017, Chapter 14.
"Surviving disruptive innovation," in Joshua Gans and Sarah Kaplan (eds), Survive and Thrive: Winning Against Strategic Threats to Your Business, DogEar: Toronto, Chapter 6.
"Multiple Paths to Value: Test Two, Choose One," (with Scott Stern), IESE Insight, Second Quarter 2017.
"Negotiating for the Market," Advances in Strategic Management, J. Furman et.al. (eds), Volume 37, 2017, pp.3-36.
"Contracting Over the Disclosure of Scientific Knowledge: Intellectual Property and Academic Publication" (with Fiona Murray and Scott Stern), Research Policy, Volume 46, Issue 4, May 2017, pp.820-835.
"Economics of Innovation," in Roger D. Blair and D. Daniel Sokol (eds), The Cambridge Handbook of Antitrust, Intellectual Property, and High Tech, Cambridge University Press: Cambridge, 2017, Chapter 1.
"Endogenous Appropriability," (with Scott Stern), American Economic Review Papers and Proceedings, Vol.107, No.2, May 2017, pp.317-21.
"Beware Business Fads: Disruptive Innovation and Competition Policy," Canadian Competition Law Review, Vol.29, No.1, 2016, pp.28-40.
"The other disruption," Harvard Business Review, March 2016, pp.78-85.
"Keep Calm and Manage Disruption," Sloan Management Review, February 22, 2016.
"Remix Rights and Negotiations over the use of Copy-Protected Works," International Journal of Industrial Organization, Vol41, July 2015, pp.76-83.
“Dynamic Commercialization Strategies for Disruptive Technologies: Evidence from the Speech Recognition Industry,” (with Matt Marx and David Hsu), Management Science, Vol.60, No.12, 2014, pp.3103-3123.
“Exploring Tradeoffs in the Organization of Scientific Work: Collaboration and Scientific Rewards,” (with Michael Bikard and Fiona Murray), Management Science, Vol.61, No.7, July 2015, pp.1473-1495.
“Credit History: The Changing Nature of Scientific Credit” (with Fiona Murray), in A. Jaffe and B. Jones (eds), The Changing Frontier, NBER, 2015, Chapter 4.
“Innovation Incentives under Transferable Fast-Track Regulatory Review,” (with David Ridley), Journal of Industrial Economics, Vol.61, No.3, 2013, pp.789-816.
“Designing Markets for Ideas,” (with Scott Stern) in The Handbook of Market Design (Edited by Zvika Neeman, Muriel Niederle, Nir Vulkan, and Al Roth ), Oxford University Press, 2013, Chaper 8.
“Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy,” (with Lars Persson), Industrial and Corporate Change, Vol. 22, No. 1, 2013, 131-151.
“Innovation and Climate Change Policy,” American Economic Journal: Economic Policy, 4(4), 2012, pp.125-145. (Mention in Science, 14 Dec 2012)
“Funding Scientific Knowledge: Selection, Disclosure and the Public-Private Portfolio,” (with Fiona Murray), Rate and Direction of Inventive Activity, J. Lerner and S. Stern (eds), NBER, 2012, Chapter 1.
“How Does the Republic of Science Shape the Patent System? Broadening the Institutional Analysis of Policy Levers for Innovation and Knowledge Disclosure,” (with Fiona Murray and Mackey Craven), UC Irvine Law Review, Vol.1 No.2, 2011, pp.359-395.
“Economic Approaches to Understanding and Promoting Innovation,” in L. Mann and J. Chan (eds), Creativity and Innovation in Business and Beyond, Routledge: London, 2010, pp.82-104.
“When is Static Analysis a Sufficient Proxy for Dynamic Considerations? Reconsidering Innovation and Antitrust,” in J. Lerner and S. Stern (eds), Innovation Policy and the Economy, Vol.11, 2010.
“Is there a market for ideas?” (with Scott Stern) Industrial and Corporate Change, Vol.19, No.3, 2010, pp.805-837.
“A Dearth of Exit Strategies,” Sloan Management Review, Spring 2009, pp.19-20.
“The Impact of Uncertain Intellectual Property Rights on the Market for Ideas: Evidence for Patent Grant Delays” (with David Hsu and Scott Stern),Management Science, Vol.54, No.5, May 2008, pp.982-997.
“Patent Length and the Timing of Innovative Activity,” (with Stephen King), Journal of Industrial Economics, Vol.55, No.4, December, 2007, pp.772-772.
“Patent Renewal Fees and Self-Funded Patent Offices,” (with Stephen King and Ryan Lampe), Topics in Theoretical Economics, Vol.4, No.1, 2004, Article 6.
“When Does Funding Research by Small Firms Bear Fruit? Evidence from the SBIR Program,” (with Scott Stern), Economics of Innovation and New Technology, Vol.12, No.4, 2003, pp.361-384. Click here for NBER Working Paper (February 2000).
“Managing Ideas: Commercialization Strategies for Biotechnology,” The ICFAI Journal of Intellectual Property Rights, Vol.2, No.2, May 2003, pp.17-28.
“The Product Market and the ‘Market for Ideas': Commercialization Strategies for Technology Entrepreneurs,” (with Scott Stern), Research Policy, Vol.32, No.2, February, 2003, pp.333-350.
“When Does Start-Up Innovation Spur the Gale of Creative Destruction?” (with David Hsu and Scott Stern), RAND Journal of Economics Vol.33, No.4, 2002, pp.571-586. Click here for NBER Working Paper (February, 2000)
“Innovation and Market Structure in General Equilibrium,” (with Robin Stonecash), Economic Theory and International Trade: Essays in Honor of Murray Kemp, A. Woodland (ed.), Edward Elgar: Cheltnam, 2002, pp.181-191
“Incumbency and R&D Incentives: Licensing the Gale of Creative Destruction,” (with Scott Stern) Journal of Economics and Management Strategy, Vol.9, No.4, pp.485-511, 2000.
“A Strategic Theory of In-House Research and Development,” in S. MacDonald and J. Nightingale (eds.), Information and Organization: A Tribute to the Work of Don Lamberton, Elsevier: Amsterdam, 1999, pp.167-182.
“Inside the Black Box: A Look at the Container,” Prometheus, Vol.13, No.2, December, 1995, pp.169-183.
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“Mechanism Design Approaches to Blockchain Consensus,” (with Richard Holden), 2022.
“A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running,” (with Richard Holden), 2022.
“The Fine Print in Smart Contracts,” in Smart Contracts Technological, Business and Legal Perspectives, Marcelo Corrales Compagnucci, Mark Fenwick & Stefan Wrbka (eds.), Hart Publishing: London, Chapter 2.
“The Microeconomics of Cryptocurrencies,” (with Hanna Halaburda, Guillaume Haeringer & Neil Gandal), Journal of Economic Literature, 2022.
"Consensus Mechanisms for the Blockchain" (with Neil Gandal), “Consensus Mechanisms for the Blockchain,” In: Rau R., Wardrop R., Zingales L. (eds) The Palgrave Handbook of Technological Finance. Palgrave Macmillan, Cham. (2021).
“Some Simple Economics of the Blockchain,” (with Christian Catalini), Communications of the ACM, Vol. 63 No. 7, July 2020, pp.80-90. [Video] [Video explanation]
"Initial Coin Offerings and the Value of Crypto Tokens" (with Christian Catalini), 2018.
"Market Structure in Bitcoin Mining" (with June Ma and Rabee Tourky), January 2018.
“Some Economics of Pure Digital Currencies,” (with Hanna Halaburda), Economics of Digitization: An Agenda, A. Goldfarb, S. Greenstein and C. Tucker (eds), NBER, 2015, Chapter 9.
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Prediction machines, insurance, and protection: An alternative perspective on AI’s role in production (with Ajay Agrawal and Avi Goldfarb), Brookings Working Paper, 2022.
“AI Adoption in a Monopoly Market,” Managerial and Decision Economics, forthcoming, 2022.
AI Adoption in a Competitive Market, Economica, forthcoming, 2023.
“From Prediction to Transformation,” (with Ajay Agrawal and Avi Goldfarb), Harvard Business Review, Nov-Dec 2022.
Self-Regulating Artificial General Intelligence, arXiv:1711.04309, 2017.
AI Adoption and System-Wide Change, (with Ajay Agrawal and Avi Goldfarb), Journal of Economics and Management Strategy, forthcoming.
“How AI will change strategy: A thought experiment,” (with Ajay Agrawal and Avi Goldfarb), Harvard Business Review, Winter 2021, pp.30-31.
“How to Win with Machine Learning,” (with Ajay Agrawal and Avi Goldfarb), Harvard Business Review, September-October, 2020.
“The Allocation of Decision Authority to Human and Artificial Intelligence,” (with Susan Athey and Kevin Bryan), AEA Papers and Proceedings, Vol.110, May 2020.
“Artificial Intelligence: The Ambiguous Labor Market Impact of Automating Prediction,” (with Ajay Agrawal and Avi Goldfarb), Journal of Economic Perspectives, Volume 33, Number 2, Spring 2019, pp.31–50.
“Exploring the Impact of Artificial Intelligence: Prediction versus Judgment,” (with Ajay Agrawal and Avi Goldfarb), Information Economics and Policy, Volume 47, June 2019, Pages 1-6.
"Prediction, Judgment and Complexity: A Theory of Decision Making and Artificial Intelligence" (with Ajay Agrawal and Avi Goldfarb) in Ajay Agrawal et.al. (eds.), Economics of Artificial intelligence, NBER, Chicago University Press, 2019.
“Economic policy for artificial intelligence,” (with Ajay Agrawal and Avi Goldfarb), Innovation Policy and the Economy, January 2019, Vol. 19(1):139-59.
"Human Judgment and AI Pricing," (with Ajay Agrawal and Avi Goldfarb), AEA: Papers and Proceedings, Vol.108, 2018, pp.58-63.
"What to expect from Artificial Intelligence," (with Ajay Agrawal and Avi Goldfarb), Sloan Management Review, Feb 7, 2017 (previous version: Managing the Machines (with Ajay Agrawal and Avi Goldfarb), 2016).
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"Are we too Negative on Negative Fees for Payment Cardholders?" 2018.
“Price Signals in Two-Sided Markets” Competition Policy International, July 2010.
“Where to next on credit card reforms?” (with Stephen King) Melbourne Review, Vol.4, No.1, May 2008, pp.42-48.
“A Theoretical Analysis of Credit Card Reform in Australia,” (with Stephen King) Economic Record, Vol.79, No.247, December 2003, pp.462-472.
“Approaches to Regulating Interchange Fees in Payment Systems,” (with Stephen King) Review of Network Economics, Vol.2, No.2, June 2003, pp.125-145.
“The Neutrality of Interchange Fees in Payment Systems,” (with Stephen King) Topics in Economic Analysis and Policy, Vol.3, No.1, 2003, Article 1.
“The Role of Interchange Fees in Credit Card Associations: Competitive Analysis and Regulatory Options,” (with Stephen King), Australian Business Law Review, Vol.29, No.2, April 2001, pp.94-122.
“Economic Issues Associated with Access to Electronic Payments Systems,” (with Richard Scheelings) Australian Business Law Review, Vol.27, No.5, December 1999, pp.373-390.
Strategy
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WORKING PAPERS
When Will Efficient Ownership Arise? Trading over Property Rights, 2005
Intrafirm Bargaining with Heterogeneous Replacement Workers (with Catherine de Fontenay), 2005
Operationalizing Value-Based Business Strategy (with Glenn MacDonald and Michael Ryall)
The Allocation of Decisions in Organizations (with Susan Athey, Scott Shaefer and Scott Stern)
PUBLISHED
"Value Capture Theory: A Strategic Management Review," (with Michael Ryall), Strategic Management Journal, Vol.38, No.1, January 2017, pp.17-41.
“Bilateral Bargaining with Externalities,” Journal of Industrial Economics (with Catherine de Fontenay), Vol.62, No.4, 2014, pp.756-788. (click here for 2008 Working Paper version)
“A Bargaining Perspective on Strategic Outsourcing and Supply Competition,” (with Catherine de Fontenay), Strategic Management Journal, Vol.29, No.8, August 2008, pp.819-839.
“Concentration-Based Merger Tests and Vertical Market Structure,” Journal of Law and Economics, Vol.50, No.4, November 2007, pp.661-680.
“Introduction to Special Issue on “Negotiations and Cooperative Arrangements in Industrial Organization,” (with Roman Inderst) International Journal of Industrial Organization,Vol.25, No.5, October 2007, pp.879-883.
“Vertical Contracting when Competition for Orders Precedes Procurement,” Journal of Industrial Economics, Vol.55, No.2., June 2007, pp.335-346.
“Inefficient Ownership and Resale Opportunities,” Economics Letters, Vol.93, 2006, pp.242-247.
“Markets for Ownership,” RAND Journal of Economics, Vol.36, No.2, 2005, pp.433-455. For previous version with re-sale model, click here.
“Optional Fixed Fees in Multilateral Vertical Relations,” (with Catherine de Fontenay) Economics Letters, Vol.88, 2005, pp.184-189.
“Vertical Integration and Competition Between Networks,” (with Catherine de Fontenay), Review of Network Economics, Vol.4, No.1, March 2005, pp.4-18. (Here is the 2001 Version: Extending Market Power through Vertical Integration)
“Vertical Integration in the Presence of Upstream Competition,” (with Catherine de Fontenay), RAND Journal of Economics, Vol.36, No.3, 2005, pp.544-572. For previous working paper version, click here. [Correction: Click here to download corrected Tables 1 and 2]
“Can Vertical Integration by a Monopsonist Harm Consumer Welfare?” (with Catherine de Fontenay), International Journal of Industrial Organization, Vol. 22, No. 6, 2004, pp. 821-834.
“A Technological and Organisational Explanation of the Size Distribution of Firms,” (with John Quiggin), Small Business Economics, Vol.21, No.3, November 2003, pp. 243-256.
“Organizational Design and Technology Choice under Intrafirm Bargaining: Comment” (with Catherine de Fontenay), American Economic Review, Vol.93, No.1, 2003, pp.448-455.
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“The Interoperability Hope,” CPI TechREG Chronicle, November 2022.
“The Specialness of Zero” Journal of Law and Economics, Vol.65, No.1, February 2022, pp.157-176.
“Protecting Journalism in the Age of Digital Platforms,” (with Guy Rolnik, Julia Cage, Ellen Goodman, Brian Knight, Andrea Prat, and Anya Schiffrin), Stigler Center, 2019.
"A Theory of Multihoming in Rideshare Competition," (with Kevin Bryan), Journal of Economics and Management Strategy, Vol. 28, No.1, 2019, pp. 89-96.
"Enhancing Competition with Data and Identity Portability" Paper for The Hamilton Project, 2018.
"The Impact of Consumer Multi-Homing on Advertising Markets and Media Competition," (with Susan Athey and Emilio Calvano), Management Science, 64(4), April 2018, pp. 1574–1590. (https://doi.org/10.1287/mnsc.2016.2675; Previous version, “The Impact of the Internet on Advertising Markets for News Media” (with Susan Athey and Emilio Calvano), unpublished, 2012.)
“Some Economics of Pure Digital Currencies,” (with Hanna Halaburda), Economics of Digitization: An Agenda, A. Goldfarb, S. Greenstein and C. Tucker (eds), NBER, 2015, Chapter 9.
“Most Favored Nation Clauses Moving Out of Favor,” Competition Policy International, 13(2), July 2013.
“Television Wants to be Shared” in Is There Still a Place for Public Service Television? Effects of the Changing Economics of Broadcasting, Robert Picard and Paolo Siciliani (eds), Reuters Institute for the Study of Journalism, Oxford, 2013.
“How Partisan is the Press: Multiple Measures of Media Slant” (with Andrew Leigh), Economic Record, Volume 88, Issue 280, pages 127–147, March 2012.
“Mobile Application Pricing,” Information Economics and Policy,Vol.24, No.1, March 2012, pp.52-59.
“Platform Siphoning: Ad-Avoidance and Media Content,” (with Simon Anderson) American Economic Journal: Microeconomics, Vol.3, No.4, November 2011, pp.1-34. (Write up with interactive elements by the AEA)
“The Impact of Targeting Technology on Advertising Markets and Media Competition“ (with Susan Athey), American Economic Review: Papers and Proceedings, Vol.100, No.2, May 2010, pp.608-613.
“Price Signals in Two-Sided Markets” Competition Policy International, July 2010.
“What is different about media mergers?” (with Simon Anderson), The Melbourne Review, Vol.2, No.2, November 2006, pp.32-36.
“The Neutrality of Interchange Fees in Payment Systems,” (with Stephen King) Topics in Economic Analysis and Policy, Vol.3, No.1, 2003, Article 1.
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WORKING PAPERS
"Market Structure in Bitcoin Mining" (with June Ma and Rabee Tourky), January 2018.
“A Comparison of Ex Ante versus Ex Post Vertical Market Power: Evidence for the Electricity Supply Industry,” (with Frank Wolak), unpublished, 2012.
PUBLISHED
"Exit, Tweets and Loyalty," (with Avi Goldfarb and Mara Lederman), AEJ: Microeconomics, forthcoming.
“Inequality and Market Concentration, When Shareholding is More Skewed than Consumption,” (with Andrew Leigh, Martin Schmalz and Adam Triggs), Oxford Review of Economic Policy, Volume 35, Issue 3, Autumn 2019, pp.550–563.
“Strengthening a Weak Rival for a Fight” (with Martin Byford), International Journal of Industrial Organization Volume 63, March 2019, pp.1-17. [previously titled “Permission to Exist”]
"Does Organizational Form Drive Competition? Evidence from Coffee Retailing," (with Brian Adams, Richard Hayes and Ryan Lampe), Economic Record, Vol. 94 (305), June 2018, pp.155-167.
“‘Selling Out’ and the Impact of Music Piracy on Artist Entry,” Information Economics and Policy, Vol. 32, September 2015, pp.58-64.
“Collusion at the Extensive Margin,” (with Martin Byford), International Journal of Industrial Organization, Vol. 37, November 2014, pp.75-83. (previous version with Markov Perfect Equilibrium, 2013)
“Exit Deterrence,” (previously, “Can the Threat of Entry Reduce Competition?”) (with Martin Byford), Journal of Economics and Management Strategy Vol.23 (3), Fall 2014, pp.650-668.
“Most Favored Nation Clauses Moving Out of Favor,” Competition Policy International, 13(2), July 2013.
“Natural Monopoly,” The Palgrave Encyclopedia of Strategic Management, D. Teece et.al. (eds), Palgrave/MacMillan (forthcoming).
“Intel and Blocking Practices (2010),” The Antitrust Revolution, J.Kwoka and L. White (eds), 6th Edition, Oxford University Press, 2013, Chapter 13.
“Remedies for Tying in Computer Applications,” International Journal of Industrial Organization, 29 (5), 2011, pp.505-512.
“Why Tie a Product Consumers Do Not Use,” (with Dennis Carlton and Michael Waldman), American Economic Journal: Microeconomics, Vol.2, No.3, August 2010, pp.85-105.
“Exclusivity, Competition and the Irrelevance of Internal Investment,” (with Catherine de Fontenay and Vivienne Groves) International Journal of Industrial Organization,Vol.28, No.4, 2010, pp.336-340.
“Price Discrimination with Costless Arbitrage,” (with Stephen King), International Journal of Industrial Organization, Vol.25, 2007, pp.431-440. (Published version)
“Paying for Loyalty: Product Bundling in Oligopoly,” (with Stephen King) Journal of Industrial Economics, Vol.54, No.1, March 2006, pp.43-62.
“Anti-insurance: Analysing the Health Insurance System in Australia,” (with Stephen King) Economic Record, Vol.79, No.248, December 2003, pp.473-486.
“Exclusionary Contracts and Competition with Large Buyers,” (with Stephen King) International Journal of Industrial Organization, Vol.20, 2002, pp.1363-1381.
“Measuring Product Diversity” (with Robert Hill), Economics Letters, Vol.55, No.1, 1997, pp.145-150.
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“A Solomonic Solution to Ownership Disputes: Theory and Applications” (with Richard Holden)
“I'm Not Sure What to Think About Them}: Non-Bayesian Updating for Naive Present-Biased Players” (with Peter Landry), Journal of Economic Behavior and Organization, forthcoming.
“Self-Recognition in Teams,” (with Peter Landry), International Journal of Game Theory, 48 (4), December 2019, pp.1169-1201; previously, "Procrastination in Teams," (2016).
“Engendering Change,” in W. Barnett et.al. (eds.), Commerce, Complexity and Evolution, Cambridge University Press: New York, 2000, Chapter 19, pp.390-414.
“Majority Voting With Single-Crossing Preferences,” (with Michael Smart) Journal of Public Economics, 58 (1), February 1996, pp.219-238.
“On the Impossibility of Rational Choice Under Incomplete Information,” Journal of Economic Behavior and Organization, Vol.29, No.2, March, 1996, pp.287-309.
“Best Replies and Adaptive Learning,” Mathematical Social Sciences, Vol.30, No.3, 1995, pp.221-234.
“Evolutionary Selection of Beliefs,” Economics Letters, Vol.49, No.1, July, 1995, pp.13-17.
“Comparative Statics Made Simple: An Introduction to Recent Advances,” Australian Economic Papers, June 1996, pp.81-93.
Economics
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“Optimal Allocation of Vaccines” Oxford Review of Economic Policy 38 (4), 2022, pp.912-923.
“Vaccine hesitancy, passports and the demand for vaccination,” International Economic Review, forthcoming.
“Large Scale Implementation of Rapid Antigen Testing for Covid-19 in Workplaces,” (with Avi Goldfarb, Ajay Agrawal, Sonia Sennik, Janice Stein and Laura Rosella), Science Advances, 25 Feb 2022 • Vol 8, Issue 8 • DOI: 10.1126/sciadv.abm3608.
“The case for a vaccine tax,” (with Michael Smart), Finances of the Nation, 31 January 2022.
“False-Positive Results in Rapid Antigen Tests for SARS-CoV-2” (with Avi Goldfarb, Ajay Agrawal, Sonia Sennik, Janice Stein and Laura Rosella), JAMA. Published online January 07, 2022. doi:10.1001/jama.2021.24355.
“False-Positive Results in Rapid Antigen Tests for SARS-CoV-2: Reply” (with Avi Goldfarb and Laura Rosella), JAMA. 2022;327(19):1926. doi:10.1001/jama.2022.4469
“The Economic Consequences of R = 1: Towards a Workable Behavioural Epidemiological Model of Pandemics,” Review of Economic Analysis, Vol.14, No.1, 2022, pp.3-25.
“Test Sensitivity for Infection versus Infectiousness of SARS-CoV-2,” Managerial and Decision Economics, forthcoming, 2022.
“The CEO’s Guide to Safely Reopening the Workplace,” (with Ajay Agrawal, Avi Goldfarb and Mara Lederman) MIT Technology Review, 28 May 2020.
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“The Interoperability Hope,” CPI TechREG Chronicle, November 2022.
"Weak versus Strong Net Neutrality: Correction and Clarification," (with Michael Katz) Journal of Regulatory Economics, Vol. 50, (1), 2016, pp. 99-110. (DOI: 10.1007/s11149-016-9305-7)
“Weak Versus Strong Net Neutrality,” Journal of Regulatory Economics Vol. 47 (2), 2015, pp.183-200.
“Access Pricing and Infrastructure Investment,” in Dewenter, Ralf and Haucap, Justus (eds.) Access Pricing: Theory and Practice, Elsevier Science, Amsterdam, 2007, Chapter 2.
“Wireless Communications,” (with Stephen King and Julian Wright), Handbook of Telecommunications Economics, Volume II, Martin Cave et.al. (eds.), North-Holland: Amsterdam, 2005.
“Competitive Neutrality in Access Pricing,” (with Stephen King) Australian Economic Review, Vol.38, No.2, 2005, pp.128-136.
“Access Holidays and the Timing of Infrastructure Investment,” (with Stephen King), Economic Record, Vol.80, No.248, March 2004, pp.89-100.
“Contestability, Complementary Inputs and Contracting: The Case of Harbour Towage,” (with Stephen King), Australian Economic Review, Vol.36, No.4, December 2003, pp.415-427.
“Regulating Termination Charges for Telecommunications Networks,” (with Stephen King) Australian Journal of Management, Vol.27, No.1, June 2002, pp.75-86.
“The Competitive Balance Argument for Mergers,” Australian Economic Review, Vol.33, No.1, March 2000, pp.83-93.
“Regulating Private Infrastructure Investment: Optimal Pricing for Access to Essential Facilities,” Journal of Regulatory Economics, Vol.20, No.2, 2001, pp.167-189.
“Using ‘Bill and Keep’ Interconnect Arrangements to Soften Network Competition,” (with Stephen King) Economics Letters, Vol. 71, No.3, June 2001, pp.413-420.
“Numbers to the People: Regulation, Ownership and Local Number Portability,” (with Stephen King and Graeme Woodbridge) Information Economics and Policy, Vol.13, No.2, June 2001, pp.167-180.
“Regulating Endogenous Customer Switching Costs,” (with Stephen King), Contributions to Theoretical Economics, Vol.1, Issue 1, 2001, Article 1.
“The Role of Undertakings in Regulatory Decision-Making” (with Teresa Fels and Stephen King), Australian Economic Review, Vol.33, No.1, March 2000, pp.3-16
“Mobile Network Competition, Customer Ignorance and Fixed-to-Mobile Call Prices” (with Stephen King), Information Economics and Policy, Vol.12, No.4, 2000, pp.301-328.
“Network Competition and Consumer Churn,” Information Economics and Policy, Vol.12, No.2, 2000, pp.97-110.
“Termination Charges for Mobile Phone Networks: Competitive Analysis and Regulatory Options” (with Stephen King) December, 1999
“Regulation of Termination Charges for Non-Dominant Networks” (with Stephen King) December, 1999
“Access Regulation and the Timing of Infrastructure Investment” (with Philip Williams), Economic Record, Vol. 79, No.229, June 1999, pp.127-138.
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“Innovation and Climate Change Policy,” American Economic Journal: Policy, Vol.4, No.4, November 2012, pp.125-45.
“Growth in Australian Cities” (with Rebecca Bradley), Economic Record, Vol.74 (No.226) September 1998, pp.266-278.
“Industrialisation with a Menu of Technologies: Appropriate Technologies and the Big Push“, Structural Change and Economic Dynamics, Vol.9, No.3, 1998, pp.63-78.
“Time Lags and Indicative Planning in a Dynamic Model of Industrialisation,” Journal of the Japanese and International Economies, Vol.12, 1998, pp.103-130. [Figure 1] [Figure2]
“Industrialization Policy and the Big Push,” in K.J. Arrow et.al. (eds.), Increasing Returns and Economic Analysis, Macmillan: London, 1998, Chpt 13.
“Fixed Cost Assumptions in Industrialisation Theories,” Economics Letters, 56, 1997, pp.111-119.
“Urban Productivity and Factor Growth in the Late Nineteenth Century,” (with Raphael Bostic and Scott Stern), Journal of Urban Economics, Vol. 41, No.1, January 1997, pp.38-55.
“Knowledge of Growth and the Growth of Knowledge,” Information Economics and Policy, Vol.4, No.3, 1989-90, pp.201-224
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“Innovation and Climate Change Policy,” American Economic Journal: Policy, Vol.4, No.4, November 2012, pp.125-45.
“Carbon Offset Provision with Guilt-Ridden Consumers,” (with Vivienne Groves) Journal of Economics and Management Strategy, Vol.21, No.1, 2012, pp.243-269.
“Do Voluntary Carbon Offsets Work?” The Economists’ Voice, Vol.4, Iss.4, Article 7. (Republished in G. Chichilnisky, ed., The Economics of Climate Change, Edward Elgar, 2010.)
“Limited Information, the Possibility of Rational Choice, and the Contingent Valuation Method,” International Journal of Social Economics, Vol.26, Nos.1/2/3, 1999, pp.402-414.
“The practicalities of emissions trading,” (with John Quiggin), The Melbourne Review, 3 (2), November 2007, pp.60-65.
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“Does the Lunar Cycle Affect Births and Deaths?” (with Andrew Leigh), Journal of Articles in Support of the Null Hypothesis, Vol.11, No.2, February 2015.
“Bargaining over Labor: Do Patients have any Power?” (with Andrew Leigh) Economic Record, Vol.88, No.281, June 2012, pp.182-194.
“Born on the First of July: An (Un)natural Experiment in Birth Timing” (with Andrew Leigh) Journal of Public Economics, Vol.93, Nos.1-2, February 2009, pp.246-263.
“The Millennium Bub,” (with Andrew Leigh) Applied Economics Letters, Vol.16, No.14, 2009, pp.1467-1470.
“What Explains the Fall in Weekend Births?” (with Andrew Leigh) Appendix
“Born (Again) on the First of July: Another Experiment in Birth Timing,” (with Andrew Leigh), unpublished, 2007.
“Minding the Shop: The Case of Obstetrics Conferences,” (with Andrew Leigh and Elena Varganova), Social Science and Medicine, Vol.65, No.7, October 2007, pp.1458-1465.
“Unusual Days in Births and Deaths,” (with Andrew Leigh), The Melbourne Review, 3 (1), May 2007, pp.72-79.
“Did the Death of Australian Inheritance Taxes Affect Deaths?” (with Andrew Leigh) Topics in Economic Analysis and Policy, Vol.6, No.1, 2006, Article 23.
“Toying with Death and Taxes: Some Lessons from Down Under,” (with Andrew Leigh) The Economists’ Voice, Vol.3, Issue 6, 2006.
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“First Author Conditions” (with Maxim Engers, Simon Grant, Stephen King), Journal of Political Economy, Vol.107, No.4, August 1999, pp.859-883.
“Why Referees Are Not Paid (Enough)” (with Maxim Engers), American Economic Review, Vol.88, No.5, December 1998, pp.1341-1349.
“How Are The Mighty Fallen: Rejected Classic Articles By Leading Economists,” (with George Shepherd), Journal of Economic Perspectives, Vol.8, No.1, Winter, 1994, pp.165-179.
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“Housing and Income Contingent Loans for Low Income Households,” (with Stephen King) Managing Government Risk: Income contingent loans for social and economic progress, Bruce Chapman (ed.), Routledge: London, 2006, Chapter 11.
“Darth Vader and the Hold Up Problem,” Journal of Political Economy, Vol.114, No.2, April, 2006, back page suggestion.
“Chaos Theory, Nonlinearities and Economics: A Speculative Note,” Economic Papers, Vol.10, No.1, March 1991, pp.40-53.
“Time and Economics: Reflections on Hawking,” Methodus, Vol.2, No.2, December 1990, pp. 80-81.
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“The Economics of Augmented and Virtual Reality” (with Abhishek Nagaraj), 2023
“Test sensitivity for infection versus infectiousness of SARS‐CoV‐2” Managerial and Decision Economics 43 (6), 2022, 1880-1887.
“Mechanism Design Approaches to Blockchain Consensus,” (with Richard Holden), Working Paper, NBER, 2022.
“Prediction Machines, Insurance, and Protection: An Alternative Perspective on AI's Role in Production,” (with Ajay Agrawal & Avi Goldfarb), Working Paper, NBER, 2022.
“A Theory of Visionary Disruption” Working Paper, NBER, 2022.
“Internal Disagreement and Disruptive Technologies,” Working Paper, NBER, 2022.
“Rapid Antigen Tests for SARS-CoV-2—Reply,” (with Avi Goldfarb & Laura Rosella), JAMA 327 (19), 2022, 1926-1926.
“AI Adoption in a Monopoly Market,” Managerial and Decision Economics, forthcoming.
“AI Adoption in a Competitive Market,” Working Paper, NBER, 2022.
“I’m not sure what to think about them: Confronting naive present bias in a dynamic threshold public goods game,” (with Peter Landry), Journal of Economic Behavior & Organization 197, 2022, 195-204.
“Large-scale implementation of rapid antigen testing system for COVID-19 in workplaces,” (with LC Rosella, A Agrawal, A Goldfarb, S Sennik, J Stein), Science advances 8 (8), 2022, eabm3608.
“A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running,” (with Richard Holden), Working Paper, NBER, 2022.
“False-positive results in rapid antigen tests for SARS-CoV-2,” (with A Goldfarb, AK Agrawal, S Sennik, J Stein, L Rosella), JAMA 327 (5), 2022, 485-486.
“The specialness of zero,” The Journal of Law and Economics 65 (1), 2022, 157-176.
“The economic consequences of r= 1: Towards a workable behavioural epidemiological model of pandemics,” Review of Economic Analysis 14 (1), 2022, 3-25.
“Storm crowds: Evidence from Zooniverse on crowd contribution design,” (with Sandra Barbosu), Research Policy 51 (1), 2022, 104414.
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“The Product Market and the Market for Ideas: Commercialization Strategies for Technology Entrepreneurs” (with Scott Stern), Research Policy 32 (2), 2003, 333-350.
“When Does Start-Up Innovation Spur the Gale of Creative Destruction?” (with David Hsu and Scott Stern), RAND Journal of Economics Vol.33, No.4, 2002, pp.571-586.
“Some simple economics of the blockchain,” (with Christian Catalini), Communications of the ACM 63 (7), 2020, 80-90.
“The Impact of Uncertainty Intellectual Property Rights on the Market for Ideas: Evidence from Patent Grant Delays,” (with David Hsu and Scott Stern), Management Science 54 (5), 2007, 982-997.
“How are the mighty fallen: Rejected classic articles by leading economists,” (with George Shepherd), Journal of Economic Perspectives 8 (1), 1994, 165-179.
“Majority voting with single-crossing preferences,” (with Michael Smart), Journal of Public Economics 59 (2), 1996, 219-237.
“Incumbency and R&D incentives: Licensing the gale of creative destruction,” (with Scott Stern), Journal of Economics & Management Strategy 9 (4), 2000, 485-511.
“Initial coin offerings and the value of crypto tokens,” (with Christian Catalini), Working Paper, NBER, 2018.
“Is there a market for ideas?” (with Scott Stern), Industrial and Corporate Change 19 (3), 2010, 805-837.
“The impact of consumer multi-homing on advertising markets and media competition,” (with Susan Athey and Emilio Calvano), Management Science 64 (4), 2018, 1574-1590
Presentations
2013
“Markets for Scientific Attribution,” Economics Dept Seminar, Berkeley, March 2013
“Will the Internet Destroy the News Media,” iSchool Special Lecture, Berkeley, March 2013 (Video)
“Information Wants to be Shared,” Annual Grafstein Lecture, University of Toronto Law School, March 2013
“Information Wants to be Shared,” Tools of Change for Publishing Conference, New York, February 2013
“Television Wants to be Shared,” BBC Seminar on Broadcasting, Oxford, January 2013 (Financial Times write-up).
“Consumer Tracking and Efficient Matching in Online Advertising Markets,” American Economic Association, San Diego, January 2013
2012
“MFNs and Platforms,” CRA Antitrust Conference, Brussels, December 2012
“Information Wants to be Shared,” Rotman Lecture Series, December 2012
“Measuring free and shared goods,” MIT Digital Roundtable, December 2012
“The Changing Nature of Scientific Credit,” Changing Frontier Pre-Conference, Cambridge, October 2012
“Why are we here?” NBER/Sloan Workshop on Open Scholarship, October 2012
“Thinking Strategically,” MBA Introduction Lecture, Rotman, August 2012
“Markets for Scientific Attribution,” Melbourne Business School, August 2012
“Markets for Scientific Attribution,” IO Workshop, Vancouver, July 2012
“The Economics of Pure Digital Currencies,” NBER Pre-Conference on the Economics of Digitization: An Agenda, Chicago, June 2012
“Alternative Models of Contribution,” Presentation to The Future World Heritage Digital Mathematics Library: Plans and Prospects, Washington DC, May 2012
“Jurisdictional Institutional Experimentation & Evolution,” Iceland Government IP Workshop, MIT, May 2012.
“Markets for Scientific Attribution,” MIT Organizational Economics Seminar, April 2012
“Information Wants to be Shared,” Center for Digital Business Workshop, MIT, April 2012
2011
“The Delicate Desire for Monopoly,” CRA Antitrust Conference, Brussels, 7 December 2011.
“Collusion at the Extensive Margin,” University of Toronto, 21 November 2011.
“The Impact of the Internet on Advertising Markets for News Media,” FTC Microeconomics Conference, Washington DC, 4th November 2011.
“The Impact of the Internet on Advertising Markets for News Media,” NBER Summer Institute, 23rd July 2011.
“Mobile Application Pricing” Microsoft Research, Cambridge, 18th May 2011.
“Will the Internet Destroy the News Media?” CRES Conference on the Foundations of Strategy, St Louis, 14th May 2011.
“Will the Internet Destroy the News Media?” International Industrial Organization Conference, Boston 9th April, 2011.
“Will the Internet Destroy the News Media?” Haas School, Berkeley, 31st March, 2011.
“Will the Internet Destroy the News Media?” HBS Networks Initiative, 15th February, 2011.
“Will the Internet Destroy the News Media?” MIT Sloan School, 28th January, 2011.
“Contracting over the Disclosure of Scientific Knowledge,” Toronto, 17th January, 2011.
2010
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Georgetown, 16th December 2010.
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” London Business School, 6th December 2010.
“Can Online Advertising Markets Save the News Media?,” Harvard Business School, 1st December, 2010.
“Will the Internet Destroy the News Media?” Northwestern/Duke/Texas IO Theory Conference, Duke, 20th November, 2010.
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Weatherhead School of Management, Case Western, 17th November, 2010.
“Collusion at the Extensive Margin,” Northwestern University, 15th November, 2010.
“Collusion at the Extensive Margin,” Harvard Law School, 8th November, 2010.
“Will the Internet Destroy the News Media?” Boston College, 22nd October, 2010.
“Will the Internet Destroy the News Media?” Google, 21st October, 2010.
“Contracting Over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Yahoo Research, 19th October, 2010.
“Collusion at the Extensive Margin” University of Texas (Austin), 18th October, 2010.
“Will the Internet Destroy the News Media?” Annual Media Economics Workshop, New York, 15th October, 2010.
“When do patents encourage disclosure?” London Business School, 8th October 2010.
“Will the Internet Destroy the News Media?” London School of Economics, 7th October 2010.
“Funding Restrictions and Scientific Disclosure,” NBER Rate and Direction of Inventive Activity, Airlie Virginia, 1st October 2010.
“Contracting Over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Duke, 28th September, 2010.
“Contracting Over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” MIT/Harvard Joint Organizational Economics Seminar, 23rd September 2010.
“Will the Internet Destroy the News Media?” Columbia, 21st September, 2010.
“Collusion at the Extensive Margin” Northeastern University, 20th September 2010.
“Will the Internet Destroy the News Media?” Harvard, 13th September 2010.
“Start-Up Commercialisation Strategy and the Market for Ideas” NBER Entrepreneurship Boot Camp, 30th July 2010.
“Negotiating for the Market,” NBER Intellectual Property Policy and Innovation, 28th July 2010.
“Contracting Over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” NBER Innovation Policy and the Economy Meetings, 26th July 2010.
“When do patents encourage disclosure?” Tirole Mini-Course, July 2010.
“Will the Internet Destroy the News Media?” Stanford, 9th June, 2010.
“Negotiating for the Market,” IFN Conference on Innovation, Ownership and Competition Policy, Stockholm, 3rd June, 2010.
“Will the Internet Destroy the News Media?” ZEW Platform Conference, Mannheim, 31st May, 2010.
“Negotiating for the Market,” International Industrial Organization Conference, Vancouver, 15th May, 2010.
“Negotiating for the Market” UCLA, 14th May, 2010.
“Will the Internet Destroy the News Media?” Yale, 6th May, 2010.
“Unusual Days in Births and Deaths,” Chicago Harris School of Public Policy, 4th May, 2010.
“Will the Internet Destroy the News Media?” Chicago Booth School of Business, 3rd May, 2010.
“Collusion at the Extensive Margin,” NYU, 27th April, 2010.
“When is Static Analysis a Sufficient Proxy for Dynamic Considerations? Reconsidering Innovation and Antitrust,” NBER Innovation Policy and the Economy Conference, 20th April, 2010.
“Innovation and Climate Change Policy,” Resources for the Future, 19th April, 2010.
“Will the Internet Destroy the News Media?” George Mason, 14th April, 2010.
“Collusion at the Extensive Margin,” Department of Justice, 13th April, 2010.
“Will the Internet Destroy the News Media?” Virginia, 12th April, 2010.
“Will the Internet Destroy the News Media?” Harvard Business School, 29th March, 2010.
“Negotiating for the Market,” Michigan, 19th March, 2010.
“Innovation and Climate Change Policy,” NBER Productivity Lunch, 16th March, 2010.
“Will the Internet Destroy the News Media?” Toronto, 15th March, 2010.
“Will the Internet Destroy the News Media?” Dartmouth, 12th March, 2010.
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Boston University, 4th March, 2010.
“Collusion at the Extensive Margin,” Harvard, 2nd March, 2010.
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Harvard Business School, 26th February, 2010.
“Funding Conditions, the Private-Public Research Portfolio and the Disclosure of Scientific Knowledge,” MIT, 25th February, 2010.
“Contracting over the Disclosure of Scientific Knowledge: IP Protection and Academic Publication,” Wharton, 24th February 2010.
2009
“Will New Media Destroy the Local Media,” Monash University Seminar, October 2009.
“Economic Policy in the Post-Crisis Era,” PerCapita Policy Exchange Keynote Address, October 2009.
“Platform Siphoning,” Stanford Internet Economics Conference, September 2009.
“Funding Conditions, the Public-Private Research Portfolio and the Disclosure of Scientific Knowledge,” NBER Rate and Direction of Inventive Activity Pre-Conference, Laguna Beach, July 2009.
“Bilateral Bargaining with Externalities,” Australasian Meetings of the Econometric Society, Canberra, July 2009.
“Market Power in the Electricity Market,” ACCC Regulatory Talk, May 2009.
“Innovation and Climate Change Policy” ETC Seminar, April 2009.
“Is there a market for ideas?” CITE Information and Innovation Workshop, March, 2009.
“Contracting over the Disclosure of Scientific Knowledge,” International Industrial Organization Conference, Northeastern University, April 2009.
“Contracting over the Disclosure of Scientific Knowledge,” Summer Workshop in Industrial Organisation, University of Auckland, February 2009.
2008
“Emerging Concepts in Market Design,” PerCapita Policy Exchange Conference, 30th October 2008.
“Dynamic Efficiency and the Automobile Industry,” Melbourne Institute Economics Forum, 13th October, 2008.
“Climate Change Policy,” Honours in Economics Alumni Evening, University of Melbourne, 8th October, 2008.
“The New Economics of Science,” Xiaokai Yang Memorial Lecturer, Conference of Economists, Gold Coast, 30th September 2008.
“Is there a market for ideas?” Conference on Markets for Technology, Madrid, 18th September, 2008.
“Patents, Papers and Secrecy: Contracting over Scientific Disclosure,” Seminar, Northwestern University, 16th September 2008.
“Patents, Papers and Secrecy: Contracting over Scientific Disclosure,” Workshop on the Economics of the Future of Scholarly Communication, Ann Arbor, Michigan, 12th September 2008.
“Contracting over Scientific Disclosure,” Organisational Economics Workshop Keynote Address, Sydney, 8th August, 2008
“Options for Parental Leave,” Thought Leadership Forum, Melbourne Business School, 19th June 2008 (on YouTube Part I, Part II, Part III)
“Gaps in Tax Reform,” Talk prepared (but not delivered) at CEDA Tax Reform Lunch, 17th June 2008
“Innovation Policy and the Environment,” Seminar, Dept of Sustainability & the Environment, 6th June 2008
“What drives scientific disclosure,” Seminar, UQ-Economics, 23rd May, 2008.
“Changing Birthdays,” Economic Society of Australia, NSW, Lunchtime Presentation, 14th May, 2008.
“New Ideas in Innovation Policy,” Economic Society of Australia Innovation Policy Workshop, 8th May, 2008.
“Economic Aspects of Broadband,” ACMA Presentation, 20th March 2008.
“Buying Solutions: Government Procurement for Innovation,” Victorian Government Workshop, 28th February, 2008.
2007
“Patents, Secrecy and Disclosure,” Seminar Presentations at Stanford, Colorado and Hong Kong, September 2007
“The Tangled Web of Broadband Policy,” Parliamentary Library Seminar Series, 15th August 2007 (on YouTube: Part I and Part II)
“Taking into Account Regulatory Risk,” ACCC Regulatory Conference, Gold Coast, 25th July, 2007.
“Start-Up Commercialisation Strategy and Innovative Dynamics,” Seminar Presentation, University of Virginia, 16th April, 2007.
“Start-Up Commercialisation Strategy and Innovative Dynamics,” International Industrial Organization Conference, Savannah (GA), 14th April, 2007.
“Tivoed,” Seminar Presentations, Stern-NYU & Cornell, 10th and 11th April, 2007
“A Ridiculously Simple Resolution to the Empty Core Problem,” 25th Australasian Economic Theory Workshop, ANU, 16 February, 2007.
“Wholesale Bargaining,” Seminar Presentation, Wharton School of Management, 8 January, 2007
“Start-Up Commercialisation Strategy and Innovative Dynamics,” NBER Entrepreneurship Pre-Conference, Chicago, 7 January, 2007
2006
“Tivoed,” Media Economics Workshop, Washington DC, 17-18 November, 2006
“The Dynamics of Ideas Markets,” Seminar Presentation, MIT Sloan School of Management, 14 November; and Yale School of Management, 15 November, 2006
“Wholesale Bargaining,” Seminar Presentation, Yale School of Management, 16 November, 2006
“Are we done with the dominant firm model?” ACCC Regulatory Conference, Gold Coast, July, 2006
“Dramatic Credit Card Reform: What Happened?” Payment Systems Conference, MBS, March 2006
2005
“Real Consumers and Telco Choice: The Road to Confusopoly,” Australian Telecommunications Summit, Sydney, November 2005
“Cartels and Competition,” Workshop on Cartel Enforcement, Melbourne, September, 2005
“The Road to Confusopoly,” ACCC Regulatory Conference, Gold Coast, July 2005
“Protecting Competition to Protect Consumers,” ACCC Workshop on Consumer Protection, March, 2005