Research interests

Industrial organization, innovation.

CV

Recent and ongoing research

Welfare effects of R&D support policies (2017) with Tuomas Takalo and Tanja Tanayama.

Anatomy of cartel contracts (2017) with Ari Hyytinen and Frode Steen. See also Coding manual (2007).

Public Employees as Politicians: Evidence from Close Elections (2017) with Ari Hyytinen, Jaakko Meriläinen, Tuukka Saarimaa and Janne Tukiainen.

When does Regression discontinuity design work? Evidence from random election outcomes (2017) with Ari Hyytinen, Jaakko Meriläinen, Tuukka Saarimaa and Janne Tukiainen.

Design of public procurement auctions: Evidence from cleaning contracts (2016) with Ari Hyytinen and Sofia Lundberg.

Cartels uncovered (2016) with Ari Hyytinen and Frode Steen.

Publications

Education and invention (2016) with Lotta Väänänen. Review of Economics and Statistics, 98(2), 382-396.

Economics of innovation policy (2015) with Tuomas Takalo. Nordic Economic Policy Review, 2, 65-90.

Problems in launching the mobile internet: Evidence from a pricing experiment (2014) with Maija Gao and Ari Hyytinen. Journal of Economics and Management Strategy, 23(3), 483-506.

Market failures and the additionality effects of public support to private R&D: Theory and empirical implications (2013) with Tuomas Takalo and Tanja Tanayama. International Journal of Industrial Organization, 31, 634-642.

Estimating the benefits of targeted R&D subsidies (2013) with Tuomas Takalo and Tanja Tanayama. Review of Economics and Statistics, 95(1), 255-272.

The return-to-entrepreneurship puzzle (2013) with Ari Hyytinen and Pekka Ilmakunnas. Labour Economics, 20, 57-67.

Returns to inventors (2012) with Lotta Väänänen. Review of Economics and Statistics, 94(4), 1173-1190.

Entrepreneurship, financiership, and selection (2012) with Tuomas Takalo. Scandinavian Journal of Economics, 114(2), 601-628.

Income inequality and technology diffusion: Evidence from developing countries (2011) with Ari Hyytinen. Scandinavian Journal of Economics, 113(2), 364-387.

Market structure and entry: Where’s the beef? (2005) with Michael Waterson. RAND Journal of Economics, 36(3), 680-699.

Do financial constraints hold back innovation and growth? Evidence on the role of public policy (2005) with Ari Hyytinen. Research Policy, 34(9), 1385-1403.

Intergenerational effects in the diffusion of new technology: The case of mobile phones (2004) with Jukka Liikanen and Paul Stoneman. International Journal of Industrial Organization, 22(8-9), 1137-1154.

Monitoring and market power in credit markets (2004) with Ari Hyytinen. International Journal of Industrial Organization, 22(2), 269-288.

Vertical differentiation, asymmetric information and endogenous bank screening (2004) with Ari Hyytinen. B.E Journals in Economics: Topics in Theoretical Economics, 4(1).

Asymmetric information and the market structure in the venture capital industry (2003) with Ari Hyytinen. Journal of Financial Services Research, 23(3), 241-249.

Innovation and the market value of UK firms, 1989-1995 (2002) with Derek Bosworth and Paul Stoneman. Oxford Bulletin of Economics and Statistics, 22(2), 269-288.

Is there adverse selection in the credit market? (2001) with Robert Cressy. Venture Capital: An International Journal of Entrepreneurial Finance, 3(3), 215-238.

The impact of revised recommended accounting practices on R&D reporting by UK firms (2001) with Paul Stoneman. International Journal of the Economics of Business, 8(1), 123-136.

Empirical research on discrete choice game-theoretic models of entry: An illustration (2000) with Michael Waterson. European Economic Review, Papers and Proceedings, 44(4-6), 985-992.

Dynamics of R&D and investment: UK evidence (2000) with Paul Stoneman. Economics Letters, 58, 119-126.

Economies of scale and scope in the Finnish non-life insurance industry (1997) Journal of Banking and Finance, 21, 759-779.

Supplements to papers

Education and invention (2016) with Lotta Väänänen. Review of Economics and Statistics, 98(2), 382-396.

Problems in launching the mobile internet: Evidence from a pricing experiment (2014) with Maija Gao and Ari Hyytinen. Journal of Economics and Management Strategy, 23(3), 483-506.

Estimating the benefits of targeted R&D subsidies (2013) with Tuomas Takalo and Tanja Tanayama. Review of Economics and Statistics, 95(1), 255-272.

Anatomy of cartel contracts: Coding manual (2007) .

Current teaching

Introduction to econometrics, Network economics and digital markets (joint with Frank Verboven), PhD Microeconometrics