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Quality-Constant Price Indexes for the Ongoing Treatment of Schizophrenia: An Exploratory Study

Frank, Richard G.; Berndt, Ernst R.; Busch, Alisa B. - National Bureau of Economic Research (NBER) - 2003

Health care expenditures have been increasing sharply in the last ten years, with spending on mental health disorders being particularly prominent. Over the same time period, a number of new antipsychotic medications have been added to the armamentarium for treatment of persons diagnosed with...

Persistent link: https://www.econbiz.de/10005050061

Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues

Cutler, David M.; Berndt, Ernst R.; Frank, Richard G.; … - National Bureau of Economic Research (NBER) - 1998

We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the U.S., particularly the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of the medical...

Persistent link: https://www.econbiz.de/10005050391

Price Indexes for Acute Phase Treatment of Depression

Berndt, Ernst R.; Busch, Susan H.; Frank, Richard G. - National Bureau of Economic Research (NBER) - 1998

Although broad trends in medical spending in the U.S. over the last decade have received widespread attention from policymakers, very little attention has focused on the components of those changes. For many other industries, economists typically divide nominal expenditures by an official...

Persistent link: https://www.econbiz.de/10005723024

The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis

Lerner, Josh; Schoar, Antoinette; Kerr, William R. - National Bureau of Economic Research (NBER) - 2010

This paper documents the role of angel funding for the growth, survival, and access to follow-on funding of high-growth start-up firms. We use a regression discontinuity approach to control for unobserved heterogeneity between firms that obtain funding and those that do not. This technique...

Persistent link: https://www.econbiz.de/10008628350

Patent Protection and Innovation Over 150 Years

Lerner, Josh - National Bureau of Economic Research (NBER) - 2002

The paper seeks to understand the impact of the patent system on innovation by examining shifts in the strength of …

Persistent link: https://www.econbiz.de/10005714749

Fear of Rejection? Tiered Certification and Transparency

Farhi, Emmanuel; Lerner, Josh; Tirole, Jean - National Bureau of Economic Research (NBER) - 2008

The sub-prime crisis has shown a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little value. This uproar calls attention to the fact that the literature on intermediaries has carefully analyzed their...

Persistent link: https://www.econbiz.de/10005718220

Private Equity and Long-Run Investment: The Case of Innovation

Lerner, Josh; Stromberg, Per; Sørensen, Morten - National Bureau of Economic Research (NBER) - 2008

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as …

Persistent link: https://www.econbiz.de/10005774804

Advanced Purchase Commitments for a Malaria Vaccine: Estimating Costs and Effectiveness

Kremer, Michael; Berndt, Ernst R.; Glennerster, Rachel; … - National Bureau of Economic Research (NBER) - 2005

To overcome the problem of insufficient research and development (R&D) on vaccines for diseases concentrated in low-income countries, sponsors could commit to purchase viable vaccines if and when they are developed. One or more sponsors would commit to a minimum price that would be paid per...

Persistent link: https://www.econbiz.de/10005778504

Contractibility and the Design of Research Agreements

Lerner, Josh; Malmendier, Ulrike - National Bureau of Economic Research (NBER) - 2005

We analyze how variations in contractibility affect the design of contracts in the context of biotechnology research agreements. A major concern of firms financing biotechnology research is that the R&D firms might use the funding to subsidize other projects or substitute one project for...

Persistent link: https://www.econbiz.de/10005580417

The Consequences of Financial Innovation: A Counterfactual Research Agenda

Lerner, Josh; Tufano, Peter - National Bureau of Economic Research (NBER) - 2011

Financial innovation has been both praised as the engine of growth of society and castigated for being the source of … the weakness of the economy. In this paper, we review the literature on financial innovation and highlight the … similarities and differences between financial innovation and other forms of innovation. We also propose a research agenda to …

Persistent link: https://www.econbiz.de/10008836383