Healthcare Markets: The Evolution of Regulation, Competition, and Innovation

Now more than ever before, not only medical issues but also economic and social issues influence how health care is organized, governed, financed, and delivered.

Our empirical research advances understanding of the economics and regulation of the health care industry, with an emphasis on the biopharmaceutical and medical device industries. Faculty researchers examine a variety of issues, most typically around firm, industry, and regulatory organization and performance. Past and ongoing research includes the speed of drug development, sales and promotion strategies during adverse regulatory events, regulatory compliance, health care payment reform, and the effect of eHealth on health behaviors and outcomes. Some research projects entail the development and analysis of proprietary data, while others are conducted in collaboration with the U.S. Food and Drug Administration (FDA), the Centers for Medicare and Medicaid Services (CMS), and the Centers for Disease Control and Prevention (CDC).

Principal Investigator and Convener: Jeffrey Macher

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Publications

Yunan Ji

Jeffrey Macher

  • “Regulator Heterogeneity and Endogenous Efforts to Close the Information Asymmetry Gap.” Journal of Law and Economics, 2011
  • “Technological Development at the Boundaries of the Firm: A Knowledge-Based Examination in Drug Development.” Strategic Management Journal 2012
  • “An Innovation Silver Lining: Product Recalls and New Product Submissions in the Medical Device Industry.” (working paper).

Anita Rao

  • “Industry-funded Research and Bias in Food Science,” Quantitative Marketing and Economics, 2022.
  • “Deceptive Claims using Fake News Advertising: The Impact on Consumers,” Journal of Marketing Research, 2022
  • “Do Made in USA Claims Matter?,” Marketing Science, 2021.

Events

Yunan Ji

Anita Rao

  • Stanford GSB Quant Marketing Alumni Conference, 2022
  • McDonough School of Business, Georgetown University, 2021
  • Mendoza College of Business, University of Notre Dame, 2021

Jeffrey Macher

  • University of North Carolina (Kenan-Flagler) Strategy & Entrepreneurship Seminar, 2021
  • Industry Studies Association (ISA) Conference, 2020
  • TPRC Conference, 2016

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