时间：2025年3月12日 上午10:30-12:00

地点：北京大学国家发展研究院承泽园344教室

题目: Technology Driven Market Concentration through Idea Allocation

主讲人：Shaoshuang Yang (CUHK, Shenzhen)

摘要：Using a newly-created measure of technology novelty, this paper identifies periods with and without technology breakthroughs from the 1980s to the 2020s in the US. It is found that market concentration decreases at the advent of revolutionary technologies. We establish a theory addressing inventors' decisions to establish new firms or join incumbents of selected sizes, yielding two key predictions: (1) A higher share of inventors opt for new firms during periods of heightened technology novelty. (2). There is positive assortative matching between idea quality and firm size if inventors join incumbents. Both predictions align with empirical findings and collectively contribute to a reduction in market concentration when groundbreaking technologies occur. Quantitative analysis shows the overall slowdown in technological breakthroughs can capture $47.4\%$ of the rising trend in market concentration and the correlation between the model-generated and the actual detrended market concentration is 0.932.

主讲人简介：Shaoshuang Yang is an assistant professor at the School of Management and Economics of the Chinese University of Hong Kong, Shenzhen. She obtained my PhD degree in Economics at University of Southern California. Her primary research interest is macroeconomics (growth, innovation, firm dynamics, and labor).