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This Week
10 December 2018 - 16 December 2018

Monday  10 December 2018  12:00 - 13:30

The Local and Aggregate Effect of Agglomeration on Innovation: Evidence from High Tech Clusters

Enrico Moretti (UC Berkeley)

Most industries are spatially clustered and clustering is particularly strong in the high tech sector. In this paper I use longitudinal data on top patenters to estimate the productivity benefits enjoyed by scientists who locate in Silicon Valley-style clusters. As a measure of worker-specific productivity, I use the number of patents produced in a year. I find that when a scientist moves to a larger cluster, she experiences significant increases in the number of patents produced and the number of subsequent citations. The productivity increase follows the move, and there is no evidence of pre-trends. Using an instrumental variable based on the geographical structure of firms with laboratories in multiple cities, I estimate that the elasticity of number of patents with respect to cluster size is 0.04. I use my estimates to quantify the macro-economic benefits of clustering for the US as a whole. I find significant aggregate efficiency gains from clustering. In a counterfactual scenario where the quality of U.S. inventors is held constant and their geographical location is changed so that all cities have the same number of inventors, the overall number of patents in US would be significantly smaller. I conclude that while clustering of high tech industries may exacerbate earning inequality across U.S. communities; it is important for overall production of innovation in the US.


32L 1.04, 1st Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


CEP-STICERD Applications Seminar
Monday  10 December 2018  12:30 - 14:00

Health Insurance Menu Design: Managing the Spending-Coverage Tradeoff

Kate Ho (Princeton University)

32L 2.04, 2nd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


STICERD Industrial Organisation Seminars
Tuesday  11 December 2018  14:00 - 15:30

The Value of Opposition Media: Evidence from Venezuela

Brian Knight (Brown University) , joint with Ana Tribin

[pdf] Download Paper


32L 1.04, 1st Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


Political Science and Political Economy Research Seminar
Wednesday  12 December 2018  12:30 - 13:45

TBC

Daniel Reck (STICERD, London School of Economics)

IFS, 7 Ridgmount Street, London, WC1E 7AE


IFS-STICERD Public Economics Seminar
Thursday  13 December 2018  14:00 - 15:30

Plug-in Regularized Estimation of High-Dimensional Parameters in Nonlinear Semiparametric Models

Denis Nekipelov (University of Virginia)

[pdf] Download Paper


32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


STICERD Econometrics Seminar Series
Thursday  13 December 2018  15:30 - 17:00

Reputation and Information Design

Laurent Mathevet (NYU) , joint with David Pearce and Ennio Stacchetti

[pdf] Download Paper


32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


STICERD Economic Theory Seminars
Friday  14 December 2018  12:00 - 13:00

Identification and Inference of Type I and Type II Error Probabilities: Judging the Justice System

Luke Taylor (Aarhus University) , joint with Shin Kanaya

[pdf] Download Paper


32L B.11, Basement, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH


Please note new venue


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