Faculty Feature: Dr. Alberto Galasso

Alberto Galasso

AlbertoAlberto Galasso is an Associate Professor for the Institute for Management and Innovation, and Rotman. His research focuses on the determinants of innovation, management of innovation, and the functioning of markets for technology. Alberto is a Lab Economist for the Creative Destruction Lab, which is “a seed-stage program for massively scalable, science-based companies.” Alberto holds a PhD from the London School of Economics.

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Current Courses Taught at the University of Toronto

SSM1080 Strategies for Sustainability Management

MMI1010 Prices and Markets

MGM400 Strategic Management in a Competitive Environment

Current Research

Product Liabilities and Innovation

The objective of this research project is to conduct an empirical study of the effects that liability laws have on innovation incentives. Product liabilities protect customers from defective or dangerous products. A number of management and law scholars have warned about a possible "chilling effect" of the liability system on innovation; that is, high damage awards may reduce firm willingness to develop new, but riskier technologies, even if they are potentially superior to customary products.  This idea that liability retards innovation has become a key argument for tort reform advocates, and has gained substantial ground over the years in judicial and legislative bodies. Despite these claims, the empirical literature studying the relationship between liability risk and innovation is scarce.  Our objective is to fill this gap and provide novel large scale empirical evidence documenting the relationship between product liabilities and the incentives to develop new technologies.

Patent Strategies in Renaissance Venice

This research project examines the patenting strategies of Renaissance Venice’s inventors, during the few decades that followed the implementation of the very first patent system in 1474.  The project exploits a unique dataset which combines detailed information on craft guilds and patents for many cities of the Venetian Republic, which was one the largest European regional economies in the fifteenth century. We found striking similarities between the intellectual property strategies of Renaissance inventors and those of modern firms, suggesting that the economic forces guiding patenting behavior are persistent over time.

Alberto researching

Current and Past Research Paper Students

Irune Echevarria (Class of 2018)

Madeline Collins (Class of 2018)

Elizabeth Tice (Class of 2017) - "Decentralized energy for tomorrow: A geographic analysis of innovation in the micro-grid industry"

Mayur Mukati (Class of 2017) - "First and second mover advantage in sustainability management: A game theoretical analysis"

Bryan Zimmerman (Class of 2016) - "ESG Disclosure of Pharmaceutical Companies Listed on the TSX"

Alberto Paddleboarding