Professor Stern is a Visiting Professor at Sloan and a Professor of Management and Strategy at Kellogg. Stern is the co-organizer of the NBER Innovation Policy and the Economy Working Group and a Senior Fellow of the Searle Center on Law, Regulation and Economic Growth. He is an Associate Editor of Management Science, the Journal of Industrial Economics, the International Journal of Industrial Organization, serves on the Board of Management of the International Schumpeter Society, and has served on the editorial boards of the Antitrust Law Journal and the Journal of Business and Economics Statistics. In 2005, Stern was awarded the first Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship.
Stern explores how innovation - the production and distribution of "ideas" - differs from more traditional economic goods, and the implications of these differences for business and public policy. Often focusing on life sciences industries, this research is at the intersection between industrial organization and the economics of technical change. Recent studies examine the drivers of commercialization strategy for technology entrepreneurs, the determinants of R&D productivity, and the role of incentives and organizational design on the process of innovation.
Professor Stern graduated with a BA degree in Economics from New York University, and received his PhD in Economics from Stanford University in 1996. From 1995-2001, Stern was Assistant Professor of Management at the Sloan School at MIT, and, from 2001-2003, Stern was a Non-Resident Senior Fellow of the Brookings Institution.