SCOTT STERN



Assistant Professor
Management of Technology and Innovation
Alfred P. Sloan School of Management
50 Memorial Drive, E52-554
Massachusetts Institute of Technology
Cambridge, MA 02142
(617) 253-5219
E-mail: sstern@mit.edu

PERSONAL

Born January 1, 1969 at Hempstead, NY
US Citizen

EDUCATION

PhD in Economics, Department of Economics, Stanford University, 1996
BA, Economics, New York University, 1990, Graduated with Honors
London School of Economics, International Summer Program, 1989

DISSERTATION

Title: "Product Competition in High-Technology Industries"
Advisor: Timothy Bresnahan
University: Department of Economics, Stanford University
Granted: June 1996

PRIMARY FIELDS

Technological Innovation
Productivity Measurement
Economics of Organizations
Industrial Organization

HISTORY OF MIT APPOINTMENTS

Assistant Professor, Sloan School of Management, July, 1995 - present

PUBLICATIONS

Refereed Journal Articles

  1. "Market Segmentation and the Sources of Rents from Innovation: Personal Computers in the

  2. Late 1980s," (with T. Bresnahan and M. Trajtenberg), Rand Journal of Economics, forthcoming. NBER Working Paper and MIT ICRMOT Working Paper.

  3. "Urban Productivity and Factor Growth in the Late Nineteenth Century" (with R. Bostic

  4. and J. Gans), Journal of Urban Economics, forthcoming. Stanford CEPR Working Paper and University of New South Wales Working Paper.

Articles in Non-Refereed Conference Proceedings

"Incentives and Focus In University and Industrial Research: The Case of Synthetic Insulin," The University-Industry Interface and Medical Innovation, edited by Annetine Gelijns and Nathan Rosenberg, Institute of Medicine, National Academy Press, 1994.

Publications in Progress and Pending Review

"The Allocation of Decisions in Organizations," (with S. Athey, J. Gans, and S. Schaefer), revise and resubmit, American Economic Review. Stanford GSB Working Paper.

Additional MIT Working Papers

  1. "Market Definition and the Returns to Innovation: Substitution Patterns in Pharmaceutical Markets," MIT POPI Working Paper, December, 1996.

  2. "Incentives and Knowledge in Organizational and Technological Change: The Case of Drug Discovery in the 1980s," MIT POPI Working Paper, December, 1996.

Working Papers

  1. "Incumbency and R&D Incentives: Licensing the Gale of Creative Destruction," (with J. Gans), mimeo, Massachusetts Institute of Technology, April, 1997.

  2. "Empirical Implications of Physician Authority in Pharmaceutical Decisionmaking," (with M. Trajtenberg), mimeo, Massachusetts Institute of Technology, March, 1997.

  3. "Calculating the Patient Welfare Benefits from Pharmaceutical Innovation: A Conceptual Framework," (with M. Trajtenberg), mimeo, Massachusetts Institute of Technology, January, 1997.

  4. "An Empirical Framework for Testing Theories About Complementarity in Organizational Design," (with S. Athey), mimeo, Massachusetts Institute of Technology, November, 1996.

  5. "Assessing America's Research Intensive Sector," (with G. Wright), mimeo, Stanford University, July, 1994.

Work-in-Progress

  1. "Competition, Product Differentiation, and the Incentives for Innovation in the Personal Computer Industry," (with T. Bresnahan and M. Trajtenberg)

  2. "Exploring Inertia: Complementarities and Firm Effects in Pharmaceutical Research," (with I. Cockburn and R. Henderson)

  3. "The Measurement of Complementarity Between Technology Adoption and Skill: The Case of 911" (with S. Athey)

  4. "The Economics of Innovative Problem Solving"

  5. "Competing Research Teams," (with J. Gans)

AWARDS AND RESEARCH FUNDING

PROFESSIONAL MEMBERSHIP AND ACTIVITIES

Research Associate, National Bureau of Economic Research, Productivity and Aging Programs
Member, American Economic Association

SUBJECTS TAUGHT

15.351 Introduction to Technological Innovation Management, Spring 1995
15.932 Technology Strategy, Spring 1995
15.949 The Use of Economics and Econometrics in BPS Research, Spring 1996

WORKSHOP PARTICIPATION

NBER Productivity Workshop
Industrial Organizational Workshop, MIT Department of Economics
MIT-Harvard Workshop on the Economics of Organizations
Problem-Solving Workshop, MIT Sloan School

REFEREEING

American Economic Review
Rand Journal of Economics
Journal of Industrial Economics
Research Policy
Journal of Economics and Management Strategy
Economics of Innovation and Technology
Journal of Econometrics
Management Science

MIT ACTIVITIES

Coordinator, PhD Recruitment, Management of Technology and Innovation, 1996
Sloan Undergraduate Advisor, 1996-1997