Faculty Guide

Title

Dean of Arts and Sciences and Fred C. Hecht Professor in Economics

Economics
International Business School

Expertise

Industrial organization; technological change and innovation; law and economics; environmental economics. Interested in the process of technological change and innovation.

Profile

Focused recently on the patterns of flow of technological and scientific knowledge across organizations, the interaction of technological change with environmental policy, and the evaluation of public programs designed to spur technological advance.

Awards and Honors

Venice Intellectual Property Award, Honorable Mention for "Innovation and Its Discontents" (2007)

Keynote Speaker at NSF Workshop on Advancing Measures of Innovation (2006)

Coordinator, Innovation Policy and the Economy Group, National Bureau of Economic Research (1999)

Associate Editor, Rand Journal of Economics (1997)

Member, Board of Editors, American Economic Review (1995 - 2000)

Member, Board of Editors, Journal of Industrial Economics (1995)

Research Associate, National Bureau of Economic Research (1995)

Courses Taught

SYS	1c	How Do We Know What We Know?
USEM	40b	What a Good Idea! Technology and Innovation in Society

Scholarship

Jaffe, Adam B.. "Patent Reform: No Time Like the Present." I/S Journal of Law and Policy for the Information Society (2008). (forthcoming)

Jaffe, Adam B. "Real Effects of Academic Research." The Economics of Innovation Policy. Ed. Albert Link. Edward Elgar Publishing, 2007 (forthcoming)

Jaffe, Adam B. "The Science of Science Policy." Journal of Technology Transfer (2007).

Jaffe, Adam B. "University Patenting Amid Changing Incentives for Commercialization." Technological Entrepreneurship. Ed. Donald Siegel. Edward Elgar, 2007

Jaffe, Adam B. with Paroma Sanyal. "Peanut Butter Patents Versus the New Economy: Does the Increased Rate of Patenting Signal More Invention or Just Lower Standards." Annales d'Economie et de Statistique (2007).

Jaffe, Adam B. and A. G. Z. Hu. "Patent citations and international knowledge flow: the cases of Korea and Taiwan." The Economics of Patents. Ed. John Cantwell. Edward Elgar, 2006

Jaffe, Adam B. and Josh Lerner. Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What to Do About It. paperback ed. Princeton University Press, 2006.

Jaffe, Adam B. with I. Goldberg, M. Trajtenberg, T. Muller, J. Sunderland and E. Armas. Public Financial Support for Commercial Innovation. World Bank. 2006.

Jaffe, Adam B. with J. Lerner and S. Stern, ed. Innovation Policy and the Economy. Volume 6 ed. Cambridge, MA: M.I.T. Press, 2006.

Jaffe, Adam B. with J. Lerner. "Innovation and Its Discontents." Innovation Policy and the Economy Volume 6. Ed. A. Jaffe, J. Lerner and S. Stern., 2006

Jaffe, Adam B. with M. Trajtenberg and B. Hall. "Market Value and Patent Citations: A First Look." The Economics of Patents. Ed. John Cantwell. Edward Elgar, 2006

Jaffe, Adam B. with M. Trajtenberg and R. Henderson. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations." The Growth of Cities. Ed. Zoltan Acs. Edward Elgar, 2006

Jaffe, Adam B. with M. Trajtenberg. "International Knowledge Flows: Evidence from Patent Citations." The Economics of Patents. Ed. John Cantwell. Edward Elgar, 2006

Jaffe, Adam B., B. Gomes-Casseres and John Hagedoorn. "Do alliances promote knowledge flows?." Journal of Financial Economics 80. 1 (2006): 5-33.

Jaffe, Adam B., R. G. Newell and R. N. Stavins. "The effects of economic and policy incentives on carbon mitigation technologies." Energy Economics 28. 5-6 (2006): 563-578.

Jaffe, Adam w/ M. Trajtenberg. Patents, Citations, and Innovations: A Window on the Knowledge Economy. paperback ed. Cambridge, MA: M.I.T. Press, 2005.

Jaffe, Adam B. with J. Lerner and S Stern, ed. Innovation Policy and the Economy. Volume 5 ed. Cambridge, MA: M.I.T. Press, 2005.

Jaffe, Adam B. "Real Effects of Academic Research." Globalization and the Location of Firms. Ed. John Cantwell. Edward Elgar Publishing, 2005

Jaffe, Adam B. with M. Trajtenberg and B. Hall. "Market Value and Patent Citations: A First Look." Rand Journal of Economics (2005).

Jaffe, Adam B. with M. Trajtenberg and R. Henderson. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations." Globalization and the Location of Firms. Ed. John Cantwell. Edward Elgar, 2005

Jaffe, Adam B. with R. Henderson and M. Trajtenberg. "Patent Citations and the Geography of Spillovers: A Reassessment." American Economic Review (2005).

Jaffe,Adam with R. Newell and R. Stavins. "A tale of two market failures: Technology and environmental policy." Ecological Economics 54. 2-3 (2005): 164-174.

Jaffe, Adam B. and J. Lerner. "Patent medicine." Harvard Business Review 82. 11 (2004): 25-+.

Jaffe, Adam B. and J. Lerner. "Patent prescription." Ieee Spectrum 41. 12 (2004): 38-43.

Jaffe, Adam B. with M. Trajtenberg and R. Henderson. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations." Recent Developments in Growth Theory. Ed. Daron Acemoglu. Edward Elgar, 2004

Jaffe, Adam B. with R.G. Newell and R. N. Stavins. "Economics of Energy Conservation." Encyclopedia of Energy. Ed. Cutler Cleveland. Elsevier, Inc, 2004

Jaffe,Adam, Josh Lerner. Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What to Do About It. Princeton University Press, 2004.

A. Jaffe, R. Newell and R. Stavins. "Technological Change and the Environment." Handbook of Environmental Economics. Ed. Karl-Göran Mäler and Jeffrey Vincent, eds. North-Holland, 2003

Jaffe, Adam B. and A. G. Z. Hu. "Patent citations and international knowledge flow: the cases of Korea and Taiwan." International Journal of Industrial Organization 21. 6 (2003): 849-880.

Jaffe, Adam B. with J. Lerner and S Stern, ed. Innovation Policy and the Economy. Volume 4 ed. Cambridge, MA: M.I.T. Press, 2003.

Jaffe, Adam B. with R.G. Newell and R.N. Stavins. "Technology Policy for Energy and the Environment." Innovation Policy and the Economy Volume 4. Ed. A. Jaffe, J. Lerner and S. Stern., 2003

Jaffe, Adam B. with J. Lerner and S. Stern, ed. Innovation Policy and the Economy. Volume 3 ed. Cambridge, MA: M.I.T. Press, 2002.

Jaffe, Adam B. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value." The Economics of Intellectual Property. Ed. R. Towse and R.W. Holzhauer. Edward Elgar, 2002

Jaffe, Adam B. with R. Newell and R. Stavins. "The Induced Innovation Hypothesis and Energy-Saving Technological Change." Technological Change and the Environment. Ed. A. Grubler, N. Nakicenovic, and W. Nordhaus. Resources for the Future, 2002

Jaffe, Adam B., R. G. Newell and R. N. Stavins. "Environmental policy and technological change." Environmental & Resource Economics 22. 1-2 (2002): 41-69.

Jaffe,Adam, w/ M. Trajtenberg. Patents, Citations, and Innovations: A Window on the Knowledge Economy. Cambridge, MA: M.I.T. Press, 2002.

Jaffe,Adam. "Building Programme Evaluation into the Design of Public Research-Support Programmes." Oxford Review of Economic Policy 18. 1 (2002): 22-34.

A Jaffe with Josh Lerner. "Reinventing Public R&D: Patent Policy and the Commercialization of National Laboratory Technologies." Rand Journal of Economics 32. 1 (2001): 167-198.

Jaffe, Adam B. with B. Hall and M. Trajtenberg. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools.

Jaffe, Adam B. with J. Lerner and S. Stern, ed. Innovation Policy and the Economy. Volume 1 ed. Cambridge, MA: M.I.T. Press, 2001.

Jaffe, Adam B. with J. Lerner and S. Stern, ed. Innovation Policy and the Economy. Volume 2 ed. Cambridge, MA: M.I.T. Press, 2001.

Jaffe, Adam B. with J.R. Hines, Jr. "International Taxation and the Location of Inventive Activity." International Taxation and Multinational Activity. Ed. James R. Hines, Jr. Chicago: University of Chicago Press, 2001

Jaffe, Adam B., J. O. Lanjouw and J. Lerner. "Symposium on the patent system and innovation - Introduction." Rand Journal of Economics 32. 1 (2001): 75-76.

Jaffe, Adam B. "Real Effects of Academic Research." The Economics of Science and Innovation. Ed. Paula E. Stephan and David B. Audretsch. Edward Elgar, 2000

Jaffe, Adam B. "The Cigarette Industry." The Structure of American Industry, Tenth Edition. Ed. Walter Adams and James Brock. Prentice Hall, 2000

Jaffe, Adam B. "The U.S. patent system in transition : policy innovation and the innovation process." Research Policy 29. 4-5 (2000): 531-557.

Jaffe, Adam B. with M. Trajtenberg and M. Fogarty. "Knowledge spillovers and patent citations: Evidence from a survey of inventors." American Economic Review Papers and Proceedings 90. 2 (2000): 215-218.

Adam Jaffe with R. Newell and R. Stavins. "The Induced Innovation Hypothesis and Energy-Saving Technological Change." Quarterly Journal of Economics 114. 3 (1999): 941-975.

Jaffe, Adam B. "Comment on 'Inventors, Firms and the Market for Technology: US Manufacturing in the Late Nineteenth and Early Twentieth Centuries'." Learning By Doing in Firms, Markets, and Nations. Ed. Daniel Raff, Naomi Lamoreaux and Peter Temin. University of Chicago Press, 1999

Jaffe, Adam B. with Amy B. Candell. "The Regional Economic Impact of Public Research Funding: A Case Study of Massachusetts." Industrializing Knowledge: University-Industry Linkages in Japan and the United States. Ed. L.M. Branscomb, F. Kodama, and R. Florida. MIT Press, 1999

Jaffe, Adam B. with M. Trajtenberg. "International Knowledge Flows: Evidence from Patent Citations." Economics of Innovation and New Technology (1999).

Jaffe, Adam B. with R. Henderson. "Special Issue on Geography and Innovation: Editors' Introduction." Economics of Innovation and New Technology (1999).

Jaffe, Adam B. with R. Newell and R. Stavins. "Energy-Efficient Technologies and Climate Change Policies: Issues and Evidence." Resources for the Future Climate Issue Brief No. 19 (1999).

Jaffe, Adam B., J. Shea and J. Gali. "What do technology shocks do?." Nber Macroeconomics Annual 1998. vol. 13, 1999. 275-+.

Jaffe, Adam B. "Comment on 'What Do Technology Shocks Do?'." NBER Macroeconomics Annual. Ed. Bernanke, Ben S. and Julio Rotemberg., 1998

Jaffe, Adam B. "Evidence from patents and patent citations on the impact of NASA and other federal labs on commercial innovation." Journal of Industrial Economics 46. 2 (1998): 183-205.

Jaffe, Adam B. "Measurement Issues." Investing in Innovation. Ed. L.M. Branscomb & J. Keller. MIT Press, 1998

Jaffe, Adam B. "The Importance of 'Spillovers' in the Policy Mission of the Advanced Technology Program." The Journal of Technology Transfer (1998).

Jaffe, Adam B. "Universities as a source of commercial technology: A detailed analysis of university patenting, 1965-1988." Review of Economics and Statistics 80. 1 (1998): 119-127.

Jaffe, Adam B. "University Patenting Amid Changing Incentives for Commercialization." Creation and Transfer of Knowledge. Ed. G.B. Navaretti, P. Dasgtupta, K.-G. M-ler and D. Siniscalco. Springer, 1998

Jaffe, Adam B., S. Borenstein and J. Farrell. "Inside the pin-factory: Empirical studies augmented by manager interviews - Introduction." Journal of Industrial Economics 46. 2 (1998): 123-124.

Jaffe, Adam B. "Green Inc." Rev. of Green, Inc: A Guide to Business and the Environment, by Frances Cairncross. Journal of Economic Literature vol. 35 184-185.

Jaffe, Adam B. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value." The Economics of Productivity. Ed. Edward N. Wolff. Edward Elgar, 1997

Jaffe, Adam B. with K. Palmer. "Environmental Regulation and Innovation: A Panel Data Study." Review of Economics and Statistics (1997).

Jaffe, Adam B. with M. Trajtenberg and R. Henderson. "University Versus Corporate Patents: A Window on the Basicness of Invention." Economics of Innovation and New Technology (1997).

Jaffe, Adam B. "Comment on 'Cross-County Variations in National Economic Growth Rates' by J. Bradford Delong." Technology and Growth. Ed. Jeffrey C. Fuhrer and Jane Sneddon Little. Federal Reserve Bank of Boston Conference Series No. 40, 1996

Jaffe, Adam B. "Planning for Change, Preparing for Growth: Implications for Massachusetts of Reduction in Federal Research Spending." Massachusetts Technology Collaborative, March.

Jaffe, Adam B. "Regional Localization of Technological Accumulation: Application to the Tri-State Region." The Annals of the New Your Academy of Sciences (1996).

Jaffe, Adam B. "Regional localization of technological accumulation: Application to the tri-state region." Technology Link to Economic Development. vol. 787, 1996. 121-142.

Jaffe, Adam B. "Trends and patterns in research and development expenditures in the United States." Proceedings of the National Academy of Sciences of the United States of America 93. 23 (1996): 12658-12663.

Jaffe, Adam B. Economic Analysis of Research Spillovers: Implications for the Advanced Technology Program. Economic Assessment Office, The Advanced Technology Program, National Institutes of Standards and Technology, U.S. Department of Commerce. 1996.

Jaffe, Adam B. and J. D. Adams. "Bounding the effects of R&D: An investigation using matched establishment-firm data." Rand Journal of Economics 27. 4 (1996): 700-721.

Jaffe, Adam B. and M. Trajtenberg. "Flows of knowledge from universities and federal laboratories: Modeling the flow of patent citations over time and across institutional and geographic boundaries." Proceedings of the National Academy of Sciences of the United States of America 93. 23 (1996): 12671-12677.

Jaffe, Adam B. with F. Felder. Should Electricity Markets Have a Capacity Requirement: If so, How should it be Priced?. Proc. of Electric Power Research Institute Conference on Competitive Electricity Pricing. 1996.

Jaffe, Adam B. with J.P. Kalt, S.T. Jones and F.A. Felder. "Regulatory Reform and the Economics of Contract Confidentiality: The Example of Natural Gas Pipelines." Regulation (1996).

Jaffe, Adam B. with R Cabalerro. "How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth." Economic Growth: Theory and Evidence. Ed. Gene M. Grossman. Cheltenham, UK: Edward Elgar, 1996

A. Jaffe with S. Peterson, P. Portney, and R. Stavins. "Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us?." Trade and the Environment: Economic, Legal and Policy Perspectives (1995).

Jaffe, Adam B. "Comment on 'Taxes, Technology Transfer and the R&D Activities of Multinational Firms' by James R Hines." The Effects of Taxation on Multinational Corporations. Ed. Martin Feldstein, James R. Hines, Jr. and R. Glenn Hubbard. University of Chicago Press, 1995

Jaffe, Adam B. and R. N. Stavins. "Dynamic Incentives of Environmental Regulations: The Effects of Alternative Policy Instruments on Technology Diffusion." Journal of Environmental Economics and Management 29. 3 (1995): S43-S63.

Jaffe, Adam B. with J. Adams. "On the Microeconomics of R&D Spillovers." Management of Technology and Regional Development in a Global Environment. Ed. Louis A Lefebvre and Elisabeth Lefebvre. Paul Chapman Publishing, Ltd, 1995

Jaffe, Adam B. with J. Kalt. "Incentive Regulation for Natural Gas Pipelines." New Horizons in Natural Gas Deregulation. Ed. Ellig, J and J.P. Kalt., 1995

Jaffe, Adam B. with S. Makowka. "The Emerging Coexistence of Competition and Regulation in Natural Gas Transportation." Home Papers on Public Policy (1995).

Jaffe, Adam B., S. R. Peterson, P. R. Portney, and R. N. Stavins. "Environmental-Regulation and the Competitiveness of United-States Manufacturing - What Does the Evidence Tell Us." Journal of Economic Literature 33. 1 (1995): 132-163.

Adam Jaffe with R. Stavins. "The Energy Paradox and the Diffusion of Conservation Technology." Resource and Energy Economics 16. 2 (1994): 91-122.

Jaffe, Adam B. and R. N. Stavins. "Energy-Efficiency Investments and Public-Policy." The Energy Journal 15. 2 (1994): 43-65.

Jaffe, Adam B. and R. N. Stavins. "The Energy Efficiency Gap: What Does It Mean." Energy Policy 22. 10 (1994): 804-810.

Jaffe, Adam B. with J. Kalt. "Insight on Oversight." Public Utilities Fortnightly (1994).

Jaffe, Adam B. with W. Emmons and J. Taylor. The Investment Consequences of the Re-Regulation of Cable Television. Cambridge, MA: The Economics Resource Group, 1994.

Adam B. Jaffe with R Cabalerro. "How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth,",." National Bureau of Economic Research Macroeconomics Annual. vol. 8 Ed. O. Blanchard and S. Fischer. M.I.T. Press, 1993

Adam Jaffe with M. Trajtenberg and R. Henderson. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations." Quarterly Journal of Economics 108. 3 (1993): 577-598.

Jaffe, Adam B. "Comment on 'R&D and Market Value in the 1980's' by Bronwyn Hall." Brookings Papers on Economic Activity, Microeconomics (1993).

Jaffe, Adam B. with B. H. Hall and E. Mansfield. "Industrial-Research During the 1980s - Did the Rate of Return Fall." Brookings Papers on Economic Activity (1993): 289-343.

Jaffe, Adam B. with J. Kalt. Achieving Maximum Benefit from Competitive Natural Gas Emission Allowance Markets. Proc. of Proceedings of the U.S. Department of Energy/National Association of Regulatory Utility Commissioners Conference on Natural Gas Use, State Regulation and Market Dynamics in the Post 636/Energy Policy Act Era. 1993.

Jaffe, Adam B. with K. Hao. "The Effect of Liquidity on Firms' R&D Spending." Economics of Innovation and New Technology (1993).

Jaffe, Adam B. with R. Stavins. "Prices, Regulation and Energy Conservation: An Econometric Analysis." Conference on Market Approaches to Environmental Regulation. Stanford University. December.

Jaffe, Adam B. with R. Stavins. "The Diffusion of Energy-Conserving Windows: The Effect of Economic Incentives and Building Codes." American Economic Association annual meeting. Anaheim, CA. January.

Jaffe, Adam B. with S. Peterson, P. Portney and R. Stavins. Environmental Regulation and the Competitiveness of U.S. Industry. U.S. Department of Commerce, Economics and Statistics Administration. Washington DC, NTIS No. PB-93-193514: 1993.

Jaffe, Adam B. "Review." Rev. of John Irvine, et al, by Investing in the Future. Journal of Economic Literature June 1992

Jaffe, Adam B. with J. Irvine, Br. Martin and P. Isard. "Investing in the Future - an International Comparison of Government Funding of Academic and Related Research." Journal of Economic Literature 30. 2 (1992): 915-916.

Jaffe, Adam B. "Review." Rev. of Productivity and the U.S. Economic Growth, by D. Jorgenson, et al. Business History Review 1991

Jaffe, Adam B. with R. Stavins. Evaluating the Relative Effectiveness of Economic Incentives and Direct Regulation for Environmental Protection: Impacts on the Diffusion of Technology. CSIA Discussion Paper No. 19-1, Center for Science and International Affairs, Environment and Natural Resources Program, John F. Kennedy School of Government, Harvard University. 1991.

Adam B. Jaffe with R. Stavins. "Unintended Impacts of Public Investments on Private Decisions: The Depletion of Forested Wetlands." American Economic Review 80. 3 (1990): 337-352.

Jaffe, Adam B. "Productivity and United-States Economic-Growth - Jorgenson,Dw, Gollop,Fm, Fraumeni,Bm." Business History Review 64. 3 (1990): 549-550.

Jaffe, Adam B. Economic Evaluation of Policy Options for Global Climate Change: Some Methodological Reflections. Center for Energy and Environmental Policy, John F. Kennedy School of Government, Harvard University. 1990.

Jaffe, Adam B. and D. M. Kanter. "Market Power of Local Cable-Television Franchises - Evidence from the Effects of Deregulation." Rand Journal of Economics 21. 2 (1990): 226-234.

Adam B. Jaffe. "Real Effects of Academic Research." American Economic Review 79. 5 (1989): 957-970.

Jaffe, Adam B. "Characterizing the Technological Position of Firms, with Application to Quantifying Technological Opportunity and Research Spillovers." Research Policy 18. 2 (1989): 87-97.

Jaffe, Adam B. "Universities and Regional Patterns of Commercial Innovation." REI Review (1989).

Jaffe, Adam B. "Demand and Supply Influences in R-and-D Intensity and Productivity Growth." Review of Economics and Statistics 70. 3 (1988): 431-437.

Adam B. Jaffe. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value." American Economic Review 76. 5 (1986): 984-1001.

Jaffe, Adam B. with J. Bound, et al. "Who Does R&D and Who Patents." R&D, Patents and Productivity. Ed. Z. Griliches. University of Chicago Press, 1984

Jaffe, Adam B. "Benefit-Cost Analysis and Multi-Objective Evaluation of Federal Water Projects." Harvard Environmental Law Review (1980).

Jaffe, Adam B. with J.T.B. Tripp. "Preventing Groundwater Pollution: Towards a Coordinated Strategy to Protect Critical Recharge Zones." Harvard Environmental Law Review (1979).