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Public Finance Seminar (MW23.4):
Public Policies and Innovation

Content of the seminar

The design of policies aimed at promoting innovation has become an important challenge for contemporary policy makers. The seminar will cover the available policy tools and their expected effects on the economy. Topics include normative analyses of market failures and public intervention, different forms of taxes and subsidies for R&D, regulations that may affect the incentives to innovate and policies aimed at the accumulation of qualified human capital.

The effects of such policies, both direct and indirect, are examined by means of analytical and empirical investigation. Our interest is to understand to which extent each policy is able to foster aggregate innovation and compare such benefits with the costs, possibly associated with a loss of tax revenues collected, or with distortions caused in the economy.

Students will gain an empirical overview of the current state of innovation policies around the world and learn about the most recent trends. When applicable, theoretical cases will be linked to real-world examples.


Schedule

Fri, 4 July 2014
Registration deadline for all economics seminars in the winter term *1
Tue, 8 July 2014
Final allocation of students to seminars *1
Thu, 10 July 2014
First meeting of all participants (2pm, SR 224, CZ3) and publication of list of topics
Sat, 19 July 2014
Submission deadline for preferences regarding individual writing period and topic *2 *3
Mon, 21 July 2014
Individual writing period: earliest possible beginning *3
Mon, 20 October 2014
Individual writing period: latest possible beginning *3
Mon, 1 December 2014
Individual writing period: latest possible end *3
Mon, 8 December 2014
Publication of the presentation schedule
Fri, 16 January 2015
Seminar session 1 (full day) (preliminary date)
Fri, 23 January 2015
Seminar session 2 (full day) (preliminary date)

Notes

*1 Four chairs will offer MA seminars in the winter term: Macroeconomics, Microeconomics, Economic and Social History, and us. The same deadline applies for all seminars. We will exchange registration data to avoid double registrations. Please send an email to Severin Weingarten to register for our seminar.

*2 We allocate seminar topics on the basis of your preferences. We will email you instructions for submitting your preferences.

*3 You have six weeks to write your paper, but you can decide when to start. You will receive instructions for submitting your preferred start date. Your topic and the name of your supervisor will be emailed to you on the first day of your individual writing period.


Guidelines

Guidelines for seminar papers and final papers

Guidelines for seminar presentations and discussions

Slides from the first seminar meeting on July 10, 2014


Topics

A Why public intervention?

A1 Economic rationales for public intervention
A2 Barriers to innovation and public policy

B Tax system design

B1 Multiple tax incentives compared: corporate versus personal tax incentives
B2 Taxation and the choice for entrepreneurship
B3 Taxation and venture capital
B4 Taxing human capital

C Specific tax incentives targeted at R&D

C1 How effective are tax incentives for R&D?
C2 Tax incentives for R&D and the location choices of firms

D Subsidies for R&D

D1 The design of R&D subsidies
D2 R&D subsidies and the crowding-out of private funding

E Human capital

E1 Tertiary education policy, and innovation
E2 Universities, innovation, and technology transfer
E3 Incentives and motives for scientists

F Labor market

F1 Labor contracts and innovation: does the type of compensation matter
for innovation?
F2 High skill labor, immigration policy, and innovation

G Regulations

G1 Optimal intellectual property rights (IPRs)


Presentation Schedule

Time
Presenter
Topic
Discussant
 Slides Presentation
Friday, 16 January 2015, Room 385 (CZ3)
8.30
Mariam Kakhidze
A1 Economic rationales for public intervention
Baran Erdemsiz
pdf
9.20 Bi Yun Zhang
B1 Multiple tax incentives compared: corporate vs personal
Romina Guri
pdf
10.10 Break
10.30
Shehab Eltobgey
B3 Taxation and venture capital 
Pengying Huang
pdf
11.20
Valentyna Khomych
B4 Taxing human capital
Georgios Zafeiropoulos
pdf
12.10
 General Discussion
Tuesday, 20 January 2015, Room 308 (CZ3)
 8.30 Georgios Zafeiropoulos 
C1 How effective are tax incentives for R&D?
Shehab Eltobgey
pdf
 9.20 Thi Hoai Thu Nguyen
C2 Tax incentives for R&D and the lovation choices of firms 
Atif Rao
pdf
 10.10 Sven Frahm
E1 Tertiary education policy and innovation
Bi Yun Zhang
pdf
 11.00 Break
 11.20 Tian Tian
E2 Universities, innovation, and technology transfer
Anna Gladka
pdf
 12.10 Xiaofan Zhang
E3 Incentives and motives for scientists
Mariam Kakhidze
pdf
 1.00 General Discussion
Firday, 23 January 2015, Room 223 (CZ3)
 8.30 Pengying Huang
D2 R&D subsidies and the crowding-out of private funding
Ventyna Khomych
pdf
 9.20 Atif Rao
F1 Labor contracts and innovation: does the type of compensation matter for innovation?
Thi Hoai Thu Nguyen
pdf
 10.10 Romina Guri
F2 High skill labor, immigration policy, and innovation
Sven Frahm
pdf
 11.00 Break
 11.20 Anna Gladka
G1 Optimal intellectual property rights (IPRs)
Tian Tian
pdf
 12.10 Baran Erdemsiz
G2 The information content of patent rights
Xiofan Zhang
pdf
 1.00 General Discussion