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
-
"Market Segmentation and the Sources of Rents from Innovation: Personal Computers in the
- Late 1980s," (with T. Bresnahan and M. Trajtenberg), Rand Journal of Economics,
forthcoming. NBER Working Paper and MIT ICRMOT Working Paper.
- "Urban Productivity and Factor Growth in the Late Nineteenth Century" (with R. Bostic
- 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
- "Market Definition and the Returns to Innovation: Substitution Patterns in Pharmaceutical
Markets," MIT POPI Working Paper, December, 1996.
- "Incentives and Knowledge in Organizational and Technological Change: The Case of Drug
Discovery in the 1980s," MIT POPI Working Paper, December, 1996.
Working Papers
- "Incumbency and R&D Incentives: Licensing the Gale of Creative Destruction," (with J. Gans),
mimeo, Massachusetts Institute of Technology, April, 1997.
- "Empirical Implications of Physician Authority in Pharmaceutical Decisionmaking," (with M.
Trajtenberg), mimeo, Massachusetts Institute of Technology, March, 1997.
- "Calculating the Patient Welfare Benefits from Pharmaceutical Innovation: A Conceptual
Framework," (with M. Trajtenberg), mimeo, Massachusetts Institute of Technology, January, 1997.
- "An Empirical Framework for Testing Theories About Complementarity in Organizational
Design," (with S. Athey), mimeo, Massachusetts Institute of Technology, November,
1996.
- "Assessing America's Research Intensive Sector," (with G. Wright), mimeo, Stanford
University, July, 1994.
Work-in-Progress
- "Competition, Product Differentiation, and the Incentives for Innovation in the Personal
Computer Industry," (with T. Bresnahan and M. Trajtenberg)
- "Exploring Inertia: Complementarities and Firm Effects in Pharmaceutical Research," (with I.
Cockburn and R. Henderson)
- "The Measurement of Complementarity Between Technology Adoption and Skill: The Case of
911" (with S. Athey)
- "The Economics of Innovative Problem Solving"
- "Competing Research Teams," (with J. Gans)
AWARDS AND RESEARCH FUNDING
- 1996 Dean's Creative Research Award, Sloan School of Management. Joint research
with Professor Susan Athey, MIT Economics, "An Empirical Framework for
Testing Theories About Complementarity in Organizational Design"
- 1996 Pfizer Pharmaceuticals. Joint research with Professor Manuel Trajtenberg, Tel-Aviv University, "Evaluating the Patient Welfare Gains from Pharmaceutical
Innovation."
- 1996 ICRMOT Research Grant. Joint research with Professor Tim Bresnahan,
Stanford University, and Manuel Trajtenberg, Tel Aviv University,
"Competition, Product Differentiation, and the Incentives for Innovation in the
Personal Computer Industry."
- 1993, 1994 Lynde and Harry Bradley Foundation Fellowship
- 1992 Research Fellow, Stanford Center on Conflict and Negotiation
- 1990 Mary Louise Bailey Award in Economics
- Departmental Award, New York University
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