Management and Strategy Department
Walter McNerney Distinguished Professor of Health Industry Management
Professor of Management and Strategy
BA 1977, MBA 1979, Cornell University; PhD 1983, Economics Stanford University
The Effect of Quality Report Cards on Health Care Markets
Hospital Consolidation: Reassessing Performance
Hospital Choice and Competition
A Theory of Utilization Review
DVD vs. DIVX
"Demand Inducement and the Physician/Patient Relationship," Economic
Inquiry (April, 1988).
"Pricing by Non-Profit Institutions: The Case of Hospital Cost Shifting,"Journal
of Health Economics (Spring, 1988).
"Medicaid Drug Formulary Restrictions," Journal of Law and Economics
"Is Hospital Competition Wasteful?" (with Mark Shanley and Carol Simon),
RAND Journal of Economics (Summer 1992).
"Monopolistic Competition When Price and Quality are Not Perfectly Observable"
(with Mark Satterthwaite), RAND Journal of Economics (Winter
"Physician-Induced Demand for Childbirths" (with Paul Wehner), Journal
of Health Economics (Winter 1994).
"Recent Theory and Evidence on Hospital Competition" (with Will White),
Journal of Economics and Management Strategy (Spring 1994).
"Do Important Drugs Reach the Market Sooner?" (with David Meltzer), RAND
Journal of Economics (Autumn 1994).
"Cost Reduction Versus Reputation Enhancement as Motives for Mergers:
The Logic of Multihospital Systems" (with Mark Shanley), Strategic
Management Journal (1995).
"Economies of Scale in Non-revenue Producing Cost Centers in Hospitals",
Journal of Health Economics (1997).
"Medicaid-dependent Hospitals and Their Patients: How Have They Fared?"
(with Will White), Health Services Research
"Exploiting a Cost Advantage and Coping with a Cost Disadvantage"
(with David Besanko and Mark Shanley), Management
The Economics of Strategy (with David Besanko and Mark Shanley), Wiley
How Hospitals Survived (with Will
White), American Enterprise Institute Press (1999).
The Economic Evolution of American Health Care, Princeton University
Pricing Your Life, Prentice Hall (in process).
General / Consulting
Consult with private and governmental organizations on issues of business
strategy and antitrust in health care.
Expert economist for Federal Trade Commission, state antitrust agencies,
and private law firms.