{"id":8,"date":"2017-02-06T20:38:43","date_gmt":"2017-02-06T20:38:43","guid":{"rendered":"http:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/homepage\/"},"modified":"2025-02-07T19:45:08","modified_gmt":"2025-02-07T19:45:08","slug":"homepage","status":"publish","type":"page","link":"https:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/","title":{"rendered":"Homepage"},"content":{"rendered":"<div id=\"pl-8\"  class=\"panel-layout\" ><div id=\"pg-8-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-8-0-0-0\" class=\"so-panel widget widget_mit-pf-jumbotron widget_mit_pf_jumbotron panel-first-child\" data-index=\"0\" ><div class=\"jumbotron-contained\" data-set=\"jumbotron\"><div class=\"hidden jumbotron\">    <div class=\"jumbotron--header\" style=\"background-image:url(https:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/wp-content\/themes\/mitfaculty2021\/assets\/images\/jumbotron_bg_blue.jpg);\">        <div class=\"container\"><div class=\"row\">            <div class=\"col-12 col-md-8\">                <div class=\"jumbotron--content\">                <h1>Pierre Azoulay<\/h1>                <\/div><!-- .jumbotron--content -->            <\/div><!-- .col -->            <div class=\"col-12 jumbotron--facultyimage\">            <div class=\"faculty-image\">                <img decoding=\"async\" class=\"img-responsive img-portfolio img-hover\" src=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/images\/?ID=12950\" alt=\"Pierre Azoulay, Professor of Technological Innovation, Entrepreneurship, and Strategic Management\">            <\/div><!-- .faculty-image -->        <\/div><\/div><!-- .container -->    <\/div><!-- jumbotron--header --><\/div><!-- .row -->    <div class=\"header-bio\" data-set=\"header-bio\">        <div class=\"bio\">    <div class=\"jumbotron--bio\">            <div class=\"teasertext\"><p>I am a Professor at MIT\u2019s <a href=\"http:\/\/mitsloan.mit.edu\/\" target=\"_blank\" rel=\"noopener\">Sloan School of Management<\/a>\u00a0and a Research Associate at the <a href=\"http:\/\/www.nber.org\/\" target=\"_blank\" rel=\"noopener\">National Bureau of Economic Research<\/a>.<\/p>\n<p>My general research interests lie at the intersection of several subfields of economics: technical change, labor, health, and organizational economics. Most of my work deals with the organization of the \u201cideas sector\u201d of the economy, and the consequences of different institutional arrangements for innovation, and ultimately economic growth.<\/p>\n<p>A <a href=\"https:\/\/www.dropbox.com\/s\/dob0wcc4a8wf7j0\/NBER_Reporter_2012_no3.pdf?dl=1\" target=\"_blank\" rel=\"noopener\">research summary<\/a> published in the NBER Reporter provides a good introduction to my research activities, many of which are performed with <a href=\"http:\/\/gps.ucsd.edu\/faculty-directory\/joshua-graff-zivin.html\" target=\"_blank\" rel=\"noopener\">Joshua Graff Zivin<\/a> of UCSD.<\/p>\n<\/div>    <\/div><!-- jumbotron--bio --><\/div><\/div><\/div><div class=\"d-none jumbotron bg-cover\" style=\"background-image:url(https:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/wp-content\/themes\/mitfaculty2021\/assets\/images\/jumbotron_bg_blue.jpg);\">\t<div class=\"container\">\t\t<div class=\"col-lg-8 col-md-8 col-sm-8 col-xs-12 no-padding-left\">\t\t<h1>Pierre Azoulay<\/h1>\t\t\t<div class=\"teasertext\"><p>I am a Professor at MIT\u2019s <a href=\"http:\/\/mitsloan.mit.edu\/\" target=\"_blank\" rel=\"noopener\">Sloan School of Management<\/a>\u00a0and a Research Associate at the <a href=\"http:\/\/www.nber.org\/\" target=\"_blank\" rel=\"noopener\">National Bureau of Economic Research<\/a>.<\/p>\n<p>My general research interests lie at the intersection of several subfields of economics: technical change, labor, health, and organizational economics. Most of my work deals with the organization of the \u201cideas sector\u201d of the economy, and the consequences of different institutional arrangements for innovation, and ultimately economic growth.<\/p>\n<p>A <a href=\"https:\/\/www.dropbox.com\/s\/dob0wcc4a8wf7j0\/NBER_Reporter_2012_no3.pdf?dl=1\" target=\"_blank\" rel=\"noopener\">research summary<\/a> published in the NBER Reporter provides a good introduction to my research activities, many of which are performed with <a href=\"http:\/\/gps.ucsd.edu\/faculty-directory\/joshua-graff-zivin.html\" target=\"_blank\" rel=\"noopener\">Joshua Graff Zivin<\/a> of UCSD.<\/p>\n<\/div>\t\t<\/div><!-- .col-lg-8 -->\t\t<div class=\"col-lg-4 col-md-4 col-sm-4 col-xs-12 no-padding-left\">\t\t\t<div class=\"faculty-image\">\t\t\t\t<a href=\"\"    ><img decoding=\"async\" class=\"img-responsive img-portfolio img-hover\" src=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/images\/?ID=12950\" alt=\"Pierre Azoulay, Professor of Technological Innovation, Entrepreneurship, and Strategic Management\"><\/a>\t\t\t<\/div><!-- .faculty-image -->\t\t<\/div><!-- .col-lg-4 -->\t<\/div><!-- .container --><\/div><\/div><\/div><div id=\"panel-8-0-0-1\" class=\"so-panel widget widget_mit_faculty_featured_research\" data-index=\"1\" ><h3 class=\"widget-title\">Featured Research<\/h3>\t\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\t<a href=\"https:\/\/doi.org\/10.1126\/science.aeb1564\">\"What if NIH had Been 40% Smaller?\"<\/a> Azoulay, Pierre, Matthew Clancy, Danielle Li, and Bhaven N. Sampat. <i>Science<\/i> Vol. 389, No. 6767 (2025): 1303-1305. <a href=\"https:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?PublicationDocumentID=10702\">Supplementary Online Material<\/a>. <a href=\"https:\/\/doi.org\/10.5281\/zenodo.17065831\">Replication package<\/a>.\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\t<a href=\"https:\/\/doi.org\/10.1016\/j.jinteco.2025.104123\">\"Paper Tiger? Chinese Science and Home Bias in Citations.\"<\/a> Qiu, Shumin, Claudia Steinwender, and Pierre Azoulay. <i>Journal of International Economics<\/i> Vol. 157, (2025): 104123. <a href=\"https:\/\/www.nber.org\/papers\/w32468\">Also NBER Working Paper #32468<\/a>.\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\t<a href=\"https:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?PublicationDocumentID=10587\">\"Indirect Cost Recovery in U.S. Innovation Policy: History, Evidence, and Avenues for Reform.\"<\/a> Azoulay, Pierre, Daniel P. Gross, and Bhaven N.\nSampat, Working Paper. March 2025. <a href=\"https:\/\/www.nber.org\/papers\/w33627\">Also NBER Working Paper #33627<\/a>.\t\t\t\t<\/div>\n\t\t<\/div><div id=\"panel-8-0-0-2\" class=\"so-panel widget widget_mit_media_highlights_widget panel-last-child\" data-index=\"2\" ><h2 class=\"widget-title\">Media Mentions<\/h2><div class=\"row\">\n\t\t\n\t\t\n\t\t\n\t\t\t\t<div class=\"col-lg-4 col-md-4 col-sm-12 col-xs-12\"><div class=\"highlight\">\t<a href=\"http:\/\/news.mit.edu\/2017\/study-nih-funding-generates-large-numbers-private-sector-patents-0330\" target=\"_blank\">\t<h4>The value of funding the NIH<\/h4>\t<\/a>\t<p>A new study published in the journal Science finds that NIH funding generates large spillovers from the lab to commercial activity.<\/p><div class=\"social social-0\">\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t\t<a class=\"facebook customer share\" href=\"http:\/\/www.facebook.com\/sharer.php?u=http:\/\/news.mit.edu\/2017\/study-nih-funding-generates-large-numbers-private-sector-patents-0330\" title=\"Share on Facebook\" aria-label=\"Share on Facebook The value of funding the NIH\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x facebook\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-facebook fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"twitter customer share\" href=\"http:\/\/twitter.com\/share?url=http:\/\/news.mit.edu\/2017\/study-nih-funding-generates-large-numbers-private-sector-patents-0330&amp;text=The+value+of+funding+the+NIH\" title=\"Share on Twitter\" aria-label=\"Share on Twitter The value of funding the NIH\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x twitter\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fab fa-x-twitter fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"linkedin customer share\" href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=http:\/\/news.mit.edu\/2017\/study-nih-funding-generates-large-numbers-private-sector-patents-0330\" title=\"Share on LinkedIn\" aria-label=\"Share on Linkedin The value of funding the NIH\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x linkedin\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-linkedin fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span><\/div><\/div><!-- .highlight --><\/div><!-- .col --><div class=\"col-lg-4 col-md-4 col-sm-12 col-xs-12\"><div class=\"highlight\">\t<a href=\" https:\/\/undark.org\/2019\/11\/06\/top-scientists-dying\/\" target=\"_blank\">\t<h4>Do the Deaths of Top Scientists Make Way for New Growth?<\/h4>\t<\/a>\t<p>A study suggests that after prominent scientists die, their fields see an influx of work from lesser-known researchers.<\/p><div class=\"social social-1\">\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t\t<a class=\"facebook customer share\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https:\/\/undark.org\/2019\/11\/06\/top-scientists-dying\/\" title=\"Share on Facebook\" aria-label=\"Share on Facebook Do the Deaths of Top Scientists Make Way for New Growth?\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x facebook\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-facebook fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"twitter customer share\" href=\"http:\/\/twitter.com\/share?url=https:\/\/undark.org\/2019\/11\/06\/top-scientists-dying\/&amp;text=Do+the+Deaths+of+Top+Scientists+Make+Way+for+New+Growth%3F\" title=\"Share on Twitter\" aria-label=\"Share on Twitter Do the Deaths of Top Scientists Make Way for New Growth?\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x twitter\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fab fa-x-twitter fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"linkedin customer share\" href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/undark.org\/2019\/11\/06\/top-scientists-dying\/\" title=\"Share on LinkedIn\" aria-label=\"Share on Linkedin Do the Deaths of Top Scientists Make Way for New Growth?\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x linkedin\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-linkedin fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span><\/div><\/div><!-- .highlight --><\/div><!-- .col --><div class=\"col-lg-4 col-md-4 col-sm-12 col-xs-12\"><div class=\"highlight\">\t<a href=\"http:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/media\/\" target=\"_blank\">\t<h4>For Entrepreneurs, 45 Is The New 25<\/h4>\t<\/a>\t<p>New research forthcoming in American Economic Review: Insights casts doubt on the idea that youth is advantageous when it comes to entrepreneurial success.<\/p><div class=\"social social-2\">\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t\t<a class=\"facebook customer share\" href=\"http:\/\/www.facebook.com\/sharer.php?u=http:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/media\/\" title=\"Share on Facebook\" aria-label=\"Share on Facebook For Entrepreneurs, 45 Is The New 25\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x facebook\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-facebook fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"twitter customer share\" href=\"http:\/\/twitter.com\/share?url=http:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/media\/&amp;text=For+Entrepreneurs%2C+45+Is+The+New+25\" title=\"Share on Twitter\" aria-label=\"Share on Twitter For Entrepreneurs, 45 Is The New 25\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x twitter\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fab fa-x-twitter fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<span class=\"fa-stack fa-1x\">\n\t\t\t\t\t\t  <a class=\"linkedin customer share\" href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=http:\/\/mitmgmtfaculty.mit.edu\/pazoulay\/media\/\" title=\"Share on LinkedIn\" aria-label=\"Share on Linkedin For Entrepreneurs, 45 Is The New 25\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<i class=\"fa fa-square fa-stack-2x linkedin\"><\/i>\n\t\t\t\t\t\t\t\t<i class=\"fa fa-linkedin fa-stack-1x\"><\/i>\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/span><\/div><\/div><!-- .highlight --><\/div><!-- .col -->\t\t<\/div><!-- .row -->\n\t<\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Pierre Azoulay I am a Professor at MIT\u2019s Sloan School of Management\u00a0and a Research Associate at the National Bureau of Economic Research. My general research interests lie at the intersection of several subfields of economics: technical change, labor, health, and organizational economics. Most of my work deals with the organization of the \u201cideas sector\u201d of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-8","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MIT Sloan: Pierre Azoulay | International Programs Professor of Management<\/title>\n<meta name=\"description\" content=\"Pierre Azoulay is a Professor of Technological Innovation, Entrepreneurship, and Strategic Management at the MIT Sloan School of Management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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