Otto Toivanen

Professor Otto Toivanen is a Professor in the Department of Economics at Aalto University's School of Business, specializing in industrial organization with expertise in competition, innovation, and regulation.

His research focuses on:

• Pharmaceutical market regulation
• R&D and innovation policy
• Patent systems
• Cartel behavior and competition policy

He employs rigorous empirical methods to analyze real-world market dynamics and policy impacts.

Recent publications reveal a consistent emphasis on welfare implications of regulatory interventions, particularly in pharmaceutical markets and innovation ecosystems. His work leverages micro-level data to examine R&D team dynamics, price regulation effects, and patent system reforms, bridging theoretical economics with practical policy design.

Professor Toivanen teaches Introduction to econometrics and PhD-level Industrial Organization courses, training the next generation of economists in empirical methodology and industrial organization theory.