Mark Schankerman

Associate and Professor of Economics

Expertise: innovation, patents, industrial economics, law and economics

Telephone:

+44 (0)20 7955 7518

Email:

m.schankerman@lse.ac.uk

Room:

SAL 4.30

Connect:

Website

Links:

Economics of Industry
Department of Economics

Latest

Economics of Industry Papers

Government financing of R&D: A mechanism design approach

26 August 2020

Saul Lach, Zvika Neeman and Mark Schankerman

We study how to design an optimal government loan program for risky R&D projects with positive externalities. With adverse selection, the optimal government contract involves a high interest rate but nearly zero co-finan... Read more...

Economics of Industry Papers

Patents Rights and Innovation by Small and Large Firms

27 November 2015

Mark Schankerman

This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits t... Read more...

Economics of Industry Papers

Patents and Cumulative Innovation: Causal Evidence from the Courts

01 August 2015

Alberto Galasso and Mark Schankerman

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede such follow-on innovation? This paper studies the effect of removing patent protection through court invalidation on the subseque... Read more...

CEP discussion papers

Patents and the global diffusion of new drugs

18 September 2014

Iain Cockburn, Jean O. Lanjouw and Mark Schankerman

This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002,... Read more...

CEP discussion papers

Patents and Cumulative Innovation: Causal Evidence from the Courts

30 April 2013

Alberto Galasso and Mark Schankerman

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede follow-on innovation? We study the causal effect of removing patent rights by court invalidation on subsequent research related t... Read more...

CEP discussion papers

Trading and Enforcing Patent Rights

24 August 2011

Alberto Galasso, Mark Schankerman and Carlos J. Serrano

We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains from trade with comparative advantage in manufacturing or marketing. We show that these gains imply th... Read more...

CEP Public Events

BOOK LAUNCH: The Comingled Code - Open Source and Economic Development

07 December 2010

Mark Schankerman (LSE)

The MIT Press and Centre for Economic Performance are delighted announce the launch of The Comingled Code: Open Source and Economic Development... Read more...

Books

The Comingled Code

01 December 2010

Josh Lerner and Mark Schankerman

Discussions of the economic impact of open source software often generate more heat than light. Advocates passionately assert the benefits of open source while critics decry its effects. Missing from the debate is rigoro... Read more...

CEP discussion papers

Spreading the Word: Geography, Policy and Knowledge Spillovers

01 September 2010

Sharon Belenzon and Mark Schankerman

Using new data on citations to university patents and scientific publications, we study how geography affects university knowledge spillovers. Citations to patents decline sharply with distance up to about 150 miles and ... Read more...

Economics of Industry Papers

Spreading the Word: Geography, Policy and University Knowledge Diffusion

01 August 2010

Sharon Belenzon and Mark Schankerman

Using new data on citations to university patents and scientific publications, and measures of distance based on Google maps, we study how geography affects university knowledge diffusion. We show that knowledge flows fr... Read more...