Medical Progress Report
No. 1 December 2004
Are Drug Price Controls Good for Your Health?
About the Authors
John A. Vernon is an assistant professor of finance, insurance and risk management and healthcare management in the Department of Finance in the School of Business at the University of Connecticut. He teaches courses in corporate finance, economics, and healthcare management. John holds a Ph.D. in Management Science from the Wharton School of Business at the University of Pennsylvania and a Ph.D. in economics (concentration finance) from the City University of London. A Duke University graduate, he also holds a masters degree in economics and statistics from North Carolina State University. Johnís research focuses on the interface between regulation and pharmaceutical innovation, and, specifically, how the former affects the latter. He has testified before the U.S. Senate about his research, which has been published in, among other places, AEI-Brookings, Applied Economics Letters, Health Economics, The Journal of Law and Economics, The Journal of Law and Public Policy, The National Law Journal, Pharmaceutical Development and Regulation, and Regulation.
Rexford E. Santerre is a Professor of Finance & Healthcare Management in the School of Business at the University of Connecticut. He received his Ph.D. in economics from the University of Connecticut in 1983 and is the coauthor of Health Economics: Theories, Insights, and Industry Studies, now in its third edition with Thomson/SouthWestern Publishers. He has written numerous articles for various general and specialty academic journals including the American Journal of Public Health, Applied Health Economics and Health Policy, Economic Inquiry, Health Care Management Review, Health Economics, International Journal of Health Care Finance and Economics, Journal of Law and Economics, Medical Care Research and Review, National Tax Journal, Public Choice, Southern Economic Journal, and The Review of Economics and Statistics.
Carmelo Giaccotto is a Professor of Finance and a research fellow with the Center for Healthcare and Insurance Studies in the School of Business at the University of Connecticut. He received his Ph.D. in financial economics from the University of Kentucky in 1978. His research interests are in the area of Applied Econometrics, Health Care Issues, and Asset Pricing. He has written a textbook: Options and Futures: Concepts, Strategies, and Applications, and has published in diverse journals including: Journal of Finance, Journal of Econometrics, Journal of the American Statistical Association, Real Estate Economics, Journal of Urban Economics, and The Journal of Law and Economics.