Megafirms and the Economy
Organized by Chad Syverson and John Van Reenen
Supported by the Smith Richardson Foundation
May 23-24, 2023
Royal Sonesta Hotel, Parkview Room
FORMAT: 30 minutes for the presenter, 15 minutes for Q&A.
Tuesday, May 23
8:30 am
Continental Breakfast
9:00 am
Welcome and Short Presentation by John Van Reenen, London School of Economics and NBER
9:30 am

Global Sourcing and Multinational Activity: A Unified Approach

Pol Antràs, Harvard University and NBER
Evgenii Fadeev, Duke University
Teresa C. Fort, Dartmouth College and NBER
Felix Tintelnot, Duke University and NBER
10:15 am
Break
10:30 am

The Decline of Labor Share and New Technology Diffusion: Implications for Markups and Monopsony Power

Shoki Kusaka, Yale University
Ken Onishi, Federal Reserve Board of Governors
Naoki Wakamori, Hitotsubashi University
Tetsuji Okazaki, Meiji Gakuin University
11:15 am

Job Transitions and Employee Earnings After Acquisitions: Linking Corporate and Worker Outcomes

Terry Moon, University of British Columbia
David Arnold, University of California, San Diego and NBER
Kevin S. Milligan, University of British Columbia and NBER
Amirhossein Tavakoli, University of British Columbia
12:00 pm
Break
12:15 pm
Keynote on Antitrust Enforcement by Nancy Rose, Massachusetts Institute of Technology and NBER
1:00 pm
Lunch - ArtBar Patio
2:00 pm

Mega Firms and Recent Trends in the U.S. Innovation: Empirical Evidence from the U.S. Patent Data

Yuheng Ding, The World Bank
Serguey Braguinsky, University of Maryland, College Park and NBER
Joonkyu Choi, Federal Reserve Board of Governors
Karam Jo, The Pennsylvania State University
Seula Kim, The Pennsylvania State University
2:45 pm

Patents to Products: Product Innovation and Firm Dynamics

David Argente, Yale University and NBER
Salomé Baslandze, Federal Reserve Bank of Atlanta
Douglas Hanley, University of Pittsburgh
Sara Moreira, Northwestern University and NBER
3:30 pm
Break
3:45 pm

Market Power and Political Connections

Yameng Fan, Universitat Pompeu Fabra
Feng Zhou, TBS Education
4:30 pm

Sanctions and Misallocation: How Sanctioned Firms Won and Russia Lost

Dzhamilya Nigmatulina, University of Lausanne
5:15 pm
Adjourn
6:30 pm
Group Dinner at Bambara (across the street from the Royal Sonesta)
Wednesday, May 24
8:00 am
Continental Breakfast
8:30 am

Big Tech Acquisitions

Luis Cabral, New York University
9:15 am

The Savings of Corporate Giants

Olivier Darmouni, HEC Paris
Lira Mota, Massachusetts Institute of Technology
10:00 am
Break
10:15 am

Pay, Productivity and Management

Melanie Wallskog, Duke University
Nicholas Bloom, Stanford University and NBER
Scott W. Ohlmacher, Board of Governors of the Federal Reserve System
Cristina Tello-Trillo, U.S. Census Bureau
11:00 am

Information and Communication Technology and Firm Geographic Expansion

Xian Jiang, University of California, Davis
11:45 am
Break
12:00 pm

A Macroeconomic Perspective on Taxing Multinational Enterprises

Sebastian Dyrda, University of Toronto
Guangbin Hong, Michigan State University
Joseph B. Steinberg, University of Toronto and NBER
12:45 pm
Adjourn and Lunch - ArtBar Patio