Management Science II - Part 1: Innovation, Intellectual Property Rights and the Market for Technology
Instructor: Stefan Wagner
The course is designed to impart profound understanding of the economic principles and managerial practices on a range of topics pertaining to the protection of intellectual property in the realm of technical inventions. It will include an economic analysis of the incentives created for firms to engage in costly and risky R&D endeavors that (i) result from the design of the underlying IP regime itself as well as from (ii) strategic interaction of firms within this system. Moreover, we will scrutinize how firms can use intellectual property rights to appropriate the value created from their innovative activities by either exploiting them themselves or by using it for contracting with other firms in the market for technology.
Management Science II - Part 2: Industrial Organization
Instructor: Özlem Bedre-Defolie
This course familiarizes students with classical statistical methods of management research and theoretical models in industrial organization and strategic management. The second part of the course analyzes in depth competitive strategies of vertical relations and control (B to B contracting), vertical foreclosure, entry deterrence, horizontal foreclosure (tying and bundling strategies), and economics of platforms.
Grading is based on one individual assignment for which each student is expected to write one referee report on a recent research paper. The instructors will provide a list of research papers on the topics of each part of the course from which students could choose one paper to prepare a referee report. The list of research papers will be provided during the course.