Mikko Packalen

Associate Professor

Economics

 

packalen@uwaterloo.ca

+1 519 888 4567 ext. 33413

Department of Economics,

200 University Avenue West,

Waterloo, ON N2L 3G1, Canada

 

Research Papers

Words in Patents: Research Inputs and the Value of Innovativeness in Invention (with Jay Bhattacharya)

Latest

Innovation Science Text as Data Empirical

PDF

Shows how to organically identify research inputs based on text. Shows how to measure innovativeness and its value. Shows how to distinguish between citations that reflect the cumulative nature of invention and citations that may merely reflect similarity

Opportunities and Benefits as Determinants of the Direction of Scientific Research (with Jay Bhattacharya)       

Journal of Health Economics (2011)    Earlier version with also pharmaceutical industry analysis is here.

Innovation Science Text as Data Health Econometrics Empirical

PDF

Shows that the induced innovation hypothesis holds also for scientific research. Shows how to estimate the quality of research opportunities from textual information.

 

The Other Ex-Ante Moral Hazard in Health (with Jay Bhattacharya)      

Journal of Health Economics (2012)    Earlier version with a less formal model and disease-specific analysis is here.

Innovation Science Health Theory

PDF

Shows that obesity should be subsidized due to impacts on inventor reward and induced innovation. Shows that quantitatively this mechanism can be as important as the insurance ex ante moral hazard examined in Ehrlich and Becker (1972).

 

Complements and Potential Competition

International Journal of Industrial Organization (2010)

Innovation Competition Policy Theory

PDF

Shows how and when the impact of cooperation by complementors on induced innovation overturns the double monopoly result of Cournot (1838).

 

Market Share Exclusion       

Revise-and-Resubmit

Innovation Competition Policy Theory

PDF

Shows how and when induced innovation and externalities among buyers render market share exclusion profitable when complete exclusion is not.

 

Static and Dynamic Merger Effects: A Market Share Based Empirical Analysis (with Anindya Sen)       

International Review of Law and Economics (2013)

Competition Policy Empirical

PDF

Shows that the presence of merger-specific efficiencies can be detected from within-market comparisons of the evolution of market shares over time.

Inference about Clustering and Parametric Assumptions in Covariance Matrix Estimation (with Tony Wirjanto)       

Computational Statistics and Data Analysis (2012)

Econometrics

PDF

Shows why the White (1980) standard errors test often performs poorly and proposes a testing strategy that improves power from 0.04 to 0.82.

 

Identification and Estimation of Social Interactions through Variation in Equilibrium Influence

Under Revision

Econometrics

PDF

Shows how to set estimate social interaction effects using instrumental variables built by combining constructed conditionally balanced network structures and observations on the outcome variable.

 

On the Learnability of Rational Expectations Equilibria in Three Business Cycle Models

Lic.Soc.Sci Thesis (2000)

Expectations and Learning Theory

 

 

Adaptive Learning of Rational Expectations: A Neural Network Approach

English version of M.Soc.Sci Thesis (1998)

Expectations and Learning Theory

 

 

 

Research Funding

 

Amazon Web Services

 

Teaching

 

Academic Year 2012-13:

         101 Introduction to Microeconomics

         321 Introduction to Econometrics

 

Academic Year 2011-12

         201 Microeconomic Theory

 

Academic Year 2010-11

321 Introduction to Econometrics (undergraduate; instructor rating 4.6/5.0)

201 Microeconomic Theory (undergraduate; instructor rating 4.6/5.0)

 

Academic Year 2009-10

201 Microeconomic Theory (undergraduate; instructor rating 4.3/5.0)

648 Innovation and Intellectual Property in Industrial Organization (graduate; instructor rating 5.0/5.0)

 

Academic Year 2008-9

648 Innovation and Intellectual Property in Industrial Organization (graduate; instructor rating 5.0/5.0)

673 Applied Microeconometrics I (graduate; instructor rating 5.0/5.0)

 

Academic Year 2007-8

201 Microeconomic Theory (undergraduate; instructor rating 4.4/5.0)

648 Innovation and Intellectual Property in Industrial Organization (graduate; instructor rating 4.7/5.0)