Lorenzo Cassi

Lorenzo Cassi is an Associate Professor at the Centre d’Économie de la Sorbonne, Université Paris 1 Panthéon-Sorbonne. He holds a PhD from Università Politecnica delle Marche (Ancona, Italy). He previously worked at CESPRI, a leading research center on the economics of innovation at the Department of Economics of Bocconi University (Milan, Italy), for several years. His research focuses on the economics of innovation, industrial dynamics, and the geography of knowledge creation and diffusion. More recently, his work has examined deindustrialization, particularly in developing countries. Cassi’s research extensively explores how research networks, proximity, and trade dynamics influence innovation performance and technological progress, with a particular emphasis on the wine industry, life sciences, and information technology sectors.

Do Pharmaceutical Acquisitions Undermine Innovation by Disrupting Human Capital?

Antitrust authorities increasingly assess mergers through the lens of innovation, particularly in research-intensive sectors such as pharmaceuticals. In new research, Carmine Ornaghi and Lorenzo Cassi show how mergers disrupt human capital and reduce innovation in what they call manslaughter acquisitions.

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