Rainer Widmann

Ph.D. Candidate in Managerial Economics and Strategy

(Expected completion June 2018)

Strategy Department

M.Sc. in Economics, Vienna Institute for Advanced Studies (IHS), 2012
B.A. in Political Science, University of Vienna, 2010
B.Sc. in Business, Economics and Social Sciences, WU (Vienna University of Economics and Business), 2010


Curriculum Vitae

Research Interests: Economics of Innovation

Research Papers:

First job market paper: How responsive are inventors to local income taxes? Evidence from residential location choices in Switzerland (Appendices) (solo-authored, coming soon)

Abstract: This paper studies the relationship between personal income tax rates and the residential location choice of inventors in Switzerland. Exploiting sharp differences in tax rates across state borders, I find an elasticity of the number of inventors in a municipality with respect to the net-of-tax rate of 5.5. This estimate appears considerably higher than the elasticities found in previous studies of inventor mobility and income tax rates. Tax policies at the local level, where differences may be exploited by relocating over short distances, may be particularly sensitive in this regard. In addition, I compare the effect of income tax rates to the effect of non-pecuniary factors, such as commuting distance, and document the relevance of language and political attitudes in municipalities for the residential location choice of inventors.

 

Second job market paper: The Effect of Government Research Grants on Firm Innovation: Theory and Evidence from Austria (Appendices) (solo-authored, coming soon)

Abstract: This paper examines the effect of government research grants on firms’ patenting outcomes. Discontinuities in the funding decisions of the Austrian Research Promotion Agency (FFG) allow me to study the effect of public funding in a large sample of Austrian firms. My estimates suggest that a government research grant increases the propensity to file a patent application with the European Patent Office within 4 years by around 10 percentage points. Stronger effects appear for established firms of advanced age. I present evidence that established firms undertake ambitious research projects when they receive grants. Finally, I interpret the findings in an ”exploration vs. exploitation” model in which the government agency addresses inefficiency in the direction of research.

References:

Benjamin F. Jones (chair)

Nicola Persico

David Besanko

Craig Garthwaite

Contact Information

Address:
Kellogg School of Management
Strategy Department
2211 Campus Drive
Evanston Illinois, 60208

Cell: (224) 875 2096

Email: r-widmann at
kellogg.northwestern.edu