Mack Institute Research Archives

Analyzing Full Text Patent Documents for Business Insights

This proposal for research funding aims to develop a general tool using cutting edge machine learning methods to value patents.…Read More

Quantifying Network Effects in Mobile App Markets

Many technology products and platform markets are characterized by indirect network effects. These network effects arise when the benefit from using a product or a service increases with the use of a complementary product or service.…Read More

Immigrant Workers and Product Innovation

This proposal seeks to study the relationship between the hiring of immigrant high-skill workers and firm-level production innovation.…Read More

Risk Premia at the Lower Bound

The goal of our project is to establish a measure of the physical probabilities and risk premia associated with low (zero) interest rate outcomes.…Read More

Corporate Scandals and the Opportunistic Entry of Sustainable Products

In this project, we seek to address this knowledge gap by examining how the corporate social reputation of rival companies impact a focal firm’s entry and promotion strategies in the sustainable consumer packaged goods (CPG) market. …Read More

Entrepreneurship Amid Stigma

This project will examine the response by entrepreneurs to sociopolitical forces such as nationalism and populism.…Read More

Innovation Networks, Asset Pricing, and Machine Learning

This project uses detailed firm-level data to construct dynamic firm-to-firm innovation networks from 1919 to 2018 and explores the economic value as well as innovation opportunities and risks in innovation networks.…Read More

Private Equity and Productivity in U.S. Healthcare

Private equity (PE) investment in U.S. healthcare has increased dramatically in recent years. …Read More

M&A, Competition, and Innovation in Medical Technology

Innovation in medical technology has played a large role in the growth in welfare benefits and monetary costs due to health care over the last half century. Like many industries that rely on innovation, medical technology has an active market for corporate mergers and acquisitions (M&A). …Read More

Climate Change Risks and Financial Contracting

The goal of this project is to examine the relation between financial contracting and the risks stemming from climate change. …Read More

From Books to Movies: A Machine Learning Perspective

Book adaptation is an important innovation source for movie production. Similar to other evolutionary product innovations (e.g., smartphones vs. dumbphones), adapting a book into a movie provides an opportunity to reach a larger audience.…Read More

How Will AB5 Change Service Platforms’ Service Models

In September 2019, the State of California passed Assembly Bill 5, a bill that re-defines many categories of work that previously fell under contractor status. Among all industries that will be affected by this bill, service platforms make the top of the list. …Read More

Technology Strategy in an Era of Global Flux: Evidence from Chinese High-tech Industries in the U.S.-China Technology Battle

I plan to provide a theoretical framework to understand how firms actively participating in global production adjust their technology strategies in the flux of deglobalization. …Read More

Financing Experimentation

This paper studies the strategy of entrepreneurs to finance their experimentation given the presence of adverse selection in capital markets. …Read More

Growth vs. Profit in Startup Firms

Profit maximization is a central premise that guides much of our understanding of firm behavior. However, entrepreneurial companies do not appear to simply maximize profits. …Read More

Do Smart Traffic Lights Reduce Congestion?

The smart traffic light is one of the major disruptions for smart cities. We will study the effect of the smart traffic lights on road traffic, congestion, and the network effect for these installations. …Read More

How Do Restrictions on High-Skilled Immigration Affect Offshoring? Evidence from the H-1B Program

Skilled immigration restrictions may have secondary consequences that have been largely overlooked in the immigration debate: multinational firms faced with visa constraints have an offshoring option, namely, hiring the labor they need at their foreign affiliates.…Read More

Digital Redlining and the Distributional Effects of AI-enabled Promotional Targeting

In recent years, firms have started to incorporate new techniques from artificial intelligence into their decision making processes. However, these techniques come with a novel set of reputational and legal risks relating to algorithmic bias and digital discrimination. …Read More

Leveraging Data to More Efficiently Predict the Efficacy of Medical Treatments in New Spaces

This proposal requests research funding for the development of two papers that propose novel methods for leveraging large amounts of imprecise information along with small amounts of specific information to improve the efficacy of medical treatment. …Read More