Assistant Professor @KelleySchool @IndianaUniv studying innovation and health policy. Previously postdoc @nberpubs | @UCSDEcon PhD
Bloomington, IN
Joined March 2018
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How does FDA regulation affect innovation and market concentration? #EconTwitter
In my JMP, I show that deregulation:
-⬆️innovation by as much as 400%
-⬆️firm entry by 1000%
-⬇️prices by 40%.
In some cases, deregulation drives product safety innovation.
More details:
Parker Rogers retweeted
Honored to have my research (w/ @parker_rog) on medical device innovation cited by the House & Senate Diabetes Caucus in their recent Congressional letter. Glad to see evidence guiding policies that affect patient access.
shaheen.senate.gov/imo/media…
Medicare price cuts reduced innovation, increased outsourcing, and worsened product quality, underscoring the need to balance short-term cost containment with long-term impacts, from @YunanJi and @Parker_rog nber.org/papers/w33083
Parker Rogers retweeted
Excited to see our research with @parker_rog featured on @NPR's @AcademicMinute this week! 🎧 Check out this 2-minute podcast summary of our study: academicminute.org/yunan-ji-…
🚨 What happens when the gov't cuts prices on medical technologies?
New research (w/ @YunanJi) finds a 61% price cut led to:
75% drop in innovation (may fully offset savings)
49% fewer new firms
28% more production moved overseas
3x repair/replacement rate
🧵(1/n)
Yesterday’s proposal to cut U.S. drug prices by 30–80% could reduce innovation even more sharply than prices, further push production offshore, and erode drug quality—according to our recent research.
Parker Rogers retweeted
Medicare price cuts reduced innovation, increased outsourcing, and worsened product quality, underscoring the need to balance short-term cost containment with long-term impacts, from @YunanJi and @Parker_rog nber.org/papers/w33083
🚨 What happens when the gov't cuts prices on medical technologies?
New research (w/ @YunanJi) finds a 61% price cut led to:
75% drop in innovation (may fully offset savings)
49% fewer new firms
28% more production moved overseas
3x repair/replacement rate
🧵(1/n)
7️⃣ Our findings suggest that the value of lost innovation may fully offset the cost savings from the price cuts.
However, we highlight that more strategic price cuts, targeting areas where R&D expenses are small relative to revenue, could save money while preserving innovation.
8⃣ These findings are especially relevant in light of many Medicare price reforms, including upcoming IRA provisions to cut prescription drug prices.
Link to paper:
dropbox.com/scl/fi/h2i93kizw…
I especially enjoyed our text analysis of prosthetic limb patents:
- Cost-saving innovations emerged from Civil War procurement frugality
- Wartime advances prioritized buyer desires: enhanced comfort during CW (amputee buyers) & utility limbs for WWI vets' re-employment (gov't)
This fall I was thrilled that my paper with @parker_rog on the evolution of prosthetic device patenting during the U.S. Civil War and World War I was accepted by the Review of Economics and Statistics:
econweb.ucsd.edu/~j1clemens/…
(1/N)
Parker Rogers retweeted
Another study showing declines in scientists' output after receiving an award, but...
marginalrevolution.com/margi…
Parker Rogers retweeted
New! Paper!
We have LLMs listen to convos between people who disagree on gun control and dynamically generate/suggest helpful rephrasings of messages before they are sent. Users receiving this treatment have better, less divisive conversations.
🔗 arxiv.org/pdf/2302.07268.pdf
🧵: 1/7
Can honestly say that I thoroughly enjoyed getting a PhD.
My excellent advisors made it feel more like I was getting paid to be part of an incubator where I could generate ideas for six years and get invaluable feedback on deliverables.
Today was a special day in the academic year as Parker Rogers defended his dissertation here at @UCSDEcon. Congratulations @parker_rog on generating an excellent set of papers and an exciting agenda for future work!
Parker Rogers retweeted
Predoc opportunity @BeckerFriedman!
Work on exciting research projects with the amazing @zarekcb and @maggieshi311 (and co-authors including @parker_rog and myself). Start date 7/1. Please spread the word!
Myself and @maggieshi311 are jointly hiring a Research Professional (read: predoc RA) at the Becker-Friedman Institute at Chicago starting July 1 on health econ topics. Please circulate to qualified applicants!
Application: boards.greenhouse.io/univers…
@econ_ra @predoc_org
Have a good look at my teeth there, but also check out this conversation I had with Daniel and Mitch on their podcast! Really enjoyed talking with them.
Also, check out some of their other great episodes covering health and econ-related topics.
New episode out with @parker_rog !
We cover the impact of FDA regulation on innovation, market structure, and product safety.
Also covered: the FDA’s medical device risk classification, regulation vs litigation, and legal liability exposure for firms.
externalmedicinepodcast.com/…
