The Centre for Experimental Social Sciences (CESS) Nuffield - FLAME University is pleased to welcome Dr. François Lafond, Post-doctoral Researcher at the Institute for New Economic Thinking at the Oxford Martin School. His talk is titled "Classification Volatility as an Indicator of Radical Innovation."
When something radically new appears, it is hard to fit it in existing categories. This means that almost by definition, radical innovations create a need to revise existing classification systems. In turn, this suggests that the evolution of classification systems provides useful information on long-run technological change, which is notoriously hard to measure. We study the U.S. patent classification system, which thanks to its important legal role has been well maintained over almost two centuries. We find that classification changes and patent reclassification are quite common, reveal interesting information about technological evolution, and must be taken into account when using classification systems as a basis for forecasting. This work is based on joint work with Daniel Kim (“Long run dynamics of the US patent classification system”, SSRN 2924387), and ongoing work with Vilhelm Verendel.
Dr. Lafond is a Post-doctoral Researcher at the Institute for New Economic Thinking at the Oxford Martin School and at the Smith School for Enterprise and the Environment. His main areas of research are the economics of innovation, environmental economics, networks and complex systems, applied econometrics and forecasting. Dr. Lafond has presented his work at various international venues, including the Oxford Mathematical Institute, the University of Warwick, and Hangzhou University. He holds a Ph.D. from UNU-MERIT/ Maastricht University, a Research Masters in economics from Université de Strasbourg and a Professional Masters in economics from Université d’Auvergne.
For more information about Dr. Lafond, please visit this website.