© 2020 by Lucy Xiaolu WANG                                                   (last updated: Feb. 24, 2020)

Lucy Xiaolu WANG's professional website

Welcome!  I am a Ph.D. candidate in economics at Cornell. I will join the Max Planck Institute for Innovation and Competition in Munich, Germany this August as a Senior Research Fellow and UMass Amherst as an Assistant Professor in September 2021. My research focuses on the economics of innovation & digitization in health care markets (national and global). I study theory-motivated empirical questions on the causes and consequences of innovation & digitization in biopharmaceutical and digital health industries. My research is funded by the Liu Memorial Fellowship from Cornell, Hayek Fund Awards, Humane Studies Fellowship, National Ministry of Education of China, and others. 

 

I hold certificates in higher education teaching and research mentoring from Cornell. I have worked as a teaching assistant or guest instructor for business, economics, and policy courses at undergraduate, graduate and executive levels. I have served as a teaching fellow and a selected fellow mentor for the Center for Teaching Innovation at Cornell, where I designed and co-instructed professional development workshops for graduate and post-doctoral students. 

 

 

Contact Information:

229 King-Shaw Hall, Cornell, Ithaca NY 14853

xw377@cornell.edu; 832-564-7288

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Links: Github, LinkedIn, SSRN, Twitter

About Me

Curriculum Vitae

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Education 

  • Ph.D. Economics, Cornell University, 2020 (expected), Ithaca, NY

  • M.A. Economics, Duke University, 2014, Durham, NC

  • B.A. Economics (specialty: Insurance), CUFE, 2012, Beijing, China

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Research and Teaching Fields

Primary: Economics of Innovation, Health Care Economics

Secondary: Industrial Organization, Public Finance

 

References:  

Prof. Sean Nicholson (Co-Chair)

Professor of Policy Analysis & Management; Director, Sloan Program in Health Administration, Cornell; Research Associate, National Bureau of Economic Research

sean.nicholson@cornell.edu; 607-254–6498

 

Prof. Michael Waldman (Co-Chair)

Charles H. Dyson Professor of Management and Professor of Economics, Johnson Graduate School of Management, Cornell University

mw46@cornell.edu; 607-255-8631

 

Prof. Chris Forman, Ph.D.

Peter and Stephanie Nolan Professor of Strategy, Innovation, and Technology, Charles H. Dyson School of Applied Economics and Management, Cornell University

chris.forman@cornell.edu; 607-255–0787

 

Prof. Michael Lovenheim, Ph.D.

Professor of Economics, Donald C. Opatrny '74 Chair of the Department of Economics, Cornell University; Research Associate, National Bureau of Economic Research

mfl55@cornell.edu; 607-255–4723

 
Research Papers
 

My research agenda focuses on the economics of innovation & digitization in health care markets, U.S. and global. To answer theory-motivated, policy-relevant empirical questions, I utilize rich institutional details in research designs and construct novel datasets on the biopharmaceutical and digital health industries. The goal of my research is to understand the economics of innovation in markets with complex technologies, heavy regulation, and massive financial burdens that have important implications for social welfare and firms' strategic decisions.

Working Papers

Global Drug Diffusion and Innovation with a Patent Pool: The Case of HIV Drug Cocktails  (Job Market Paper)

The first joint licensing platform for medicines spurs global diffusion and innovation of HIV drug cocktails cost-effectively.

  • Best Paper Award, Wharton Innovation Doctoral Symposium, University of Pennsylvania, 10/2019

  • Young Scholar Best Paper Award (economics/management), European Policy for Intellectual Property, ETH Zürich, 9/2019

  • Research grants: Cornell SC Johnson College of Business "Innovation, Entrepreneurship, and Technology" inaugural travel grant, 2019-2020; Institute for Humane Studies Grant, 2018-2019; Cornell Graduate School Research Travel Grant, 2019

  • Featured in Written Description by Prof. Lisa Larrimore Ouellette, 9/2019

 

The Complementarity of Health Information and Health IT for Reducing Opioid-Related Mortality and Morbidity

Interconnected platform with health IT and prescription monitoring can help reduce opioid-related mortality and morbidity.

  • [Current draft (in revision)]; [Previous draft (Jan. 2019)]; Revise & Resubmit, American Journal of Health Economics

  • Best Paper Designation, 2019 & Outstanding Student Paper Award, Academy of Management (health care division), 2019

  • Young Researcher Best Paper Award, the 9th Conference on Health IT & Analytics, Washington, D.C., 2018

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Biomedical Innovation in the Shadow of Litigation: Patentability Uncertainty and Strategic Reactions

Firms strategically react to opportunistic litigations induced by patentability uncertainty in the digital era.

  • Previously as "The Growing Shadow of Patent Litigation: Patentability Uncertainty and Strategic Reactions"

  • Spinoff technical note: Patent Classification Systems and Technological Categorization: An Overview and Update

    • Text: SSRN link; data: GitHub link. This note documents and updates the technological categorization for U.S. patents.

 

The Secret Menu in Health Care: A Cash Market for Imaging in California, with Jordan Epstein (Stroll Health), Sean Nicholson (Cornell University), Katherine Hempstead (RWJF), Sam Asin (Stroll Health)

Privately-insured patients can benefit from cash price options when observing both in-network and cash prices.

  • Funded by a Robert Wood Johnson Foundation Grant awarded in 2016 (Principal Investigator: J. Epstein)

 

Publications

    Book Chapter

Manufacturing Fetishism: The Neo-Mercantilist Preoccupation with Protecting Manufacturing, 2015, joint with Alecia W. Cassidy and Edward Tower, in The Region and Trade: New Analytical Directions (Edited by Amitrajeet Batabyal and Peter Nijkamp), World Scientific, p.137-175

Neither a strong manufacturing base nor trade restrictions are essential to spur economic growth.

 

Works In Progress

Patent Pool Participation and Firm-level Performances: The Case of HIV Drug Cocktails  (stage: data & analysis)

I further investigate the interactions between firms' patent pool participation status and their financial and legal outcomes. 

 

Blockchain Innovation in Health Care Markets: Platform Participation and Performances (stage: exploratory analysis)

I explore how blockchain startups progress in health care, a market full of opportunities as well as stringent regulations.

 

Teaching Experiences
 

In my learning experience, research (knowledge creation) and teaching (knowledge diffusion) are often complements. While researching innovation, teaching offers me the opportunities to understand creativity - how innovative ideas can be generated in the first place. I believe that highly motivated and creative learners are essential for future innovation.

Teaching Fellowships and Recognition

  • CU-CIRTL Scholar Certificate Award (the first awardee in the field of economics), Cornell, Nov. 2018

  • Graduate Teaching Assistant Fellowship (as a fellow mentor), Center for Teaching Innovation, Cornell, 2017-2018

  • Graduate Research and Teaching Fellowship, Center for Teaching Excellence, Cornell, 2016-2017

  • Graduate Student Spotlight, Graduate School interview on research, teaching, and learning, Cornell, Apr. 2017

 

As an Instructor or Guest Instructor for Undergraduate & Graduate Courses

  • Instructor, Mathematics Review Session for Management (MBA), Johnson Business School, Cornell, Aug. 7, 2018

  • Instructor, Graduate Teaching Excellence Program (Ph.D.) Training Sessions (Feb. 15, Mar. 8, Mar. 29), Cornell, 2018

  • Guest instructor, “Why Firms Fail? Mini-Case Studies of Enron & Theranos”, for Corporations, Shareholders, and Policy (Undergraduate & Masters’ Level), Prof. Rick Geddes, Cornell, Feb. 9, 2017

As a Teaching Assistant for Graduate & Professional Courses

  • Microeconomics for Management (MBA), Prof. Michael Waldman, Cornell, Fall 2018 (head TA)

  • Microeconomics for Management (Finance EMBA), Prof. Armin Rick, Cornell-Tsinghua, Oct. 2016 & 2017

  • Microeconomics for Management (Accelerated MBA), Prof. Michael Waldman, Cornell, Summer 2017

  • Corporations, Shareholders, and Policy, Prof. Rick Geddes, Cornell, Spring 2017

  • Computer Modeling for Policy Analysis, Prof. Edward Tower, Duke, Spring 2014

As a Grader for Graduate Econometric Courses

  • Empirical Strategies for Policy Research II (Ph.D.), Prof. Zhuan Pei, Cornell, Spring 2018

  • Applied Microeconometrics (Master's level), Prof. Daniel Yi Xu, Duke, Spring 2014

As a Teaching Assistant for Undergraduate Courses

  • Corporations, Shareholders, and Policy, Prof. Rick Geddes, Cornell, Spring 2017

  • Public Finance - Economics of the Public Sector, Prof. Brandon Tripp, Cornell, Fall 2016

  • Introductory Microeconomics, Prof. Jennifer Wissink, Cornell, Fall 2014

As a Co-Instructor for Graduate & Post-Doctoral Professional Workshops

  • “Enhance Teaching with Research-Based Practices” (with Jeffrey Mulligan), Cornell, Mar. 17, 2018

  • “Teaching and Leadership Development” (with Matt Hankins), Cornell, Oct. 28, 2017

  • “Overcoming Anxiety about Public Speaking” (with Jack Madden), Cornell, Oct. 14, 2017

  • “Using Theater Techniques to Enhance Your Teaching” (with Mary Centrella), Cornell, Apr. 11, 2017

  • “Flipping the Classroom as a TA” (with Minji Kim), Univ.-wide Conference, Cornell, Mar. 4, 2017

  • “Using a Case-Study Approach to Teaching” (with Catherine Spirito), Cornell, Nov. 16, 2016

 

Case and Teaching Materials

  • “Connecting with Reality: Using Mini-Case Study Approach to Facilitate and Assess Student Learning,” 2018, Cornell University Classroom Research Working Paper Series, Volume 6

 

Services
 

Mentoring Experiences

  • Fellow Mentor and Leader for Graduate Research and Teaching Fellows, Cornell, 2017-2018

  • Research Mentor for an Undergraduate Honors Thesis (B.S. Economics 18’ summa cum laude), Cornell, 2018

  • Mentor, Cornell Ph.D. Peer-Mentoring Program, Dept. of Economics, Cornell, 2017-2018

  • Certificate of Completion of Research Mentoring Training through “Building Mentoring Skills for an Academic Career”, Center for the Integration of Research, Teaching and Learning, Cornell, Apr. 2017

  • Ad Hoc Reference for a Cornell Freshman Summer External Internship Application (accepted), Dec. 2014

 

Professional Services

  • Referee: Journal of Labor Economics, Management Science, Health Economics, Health Information Management Journal, Social Science Research

  • Scientific Review Committee: American Society of Health Economists Conference, 2018, 2019, 2020; Academy of Management Conference, 2018

  • Discussant: Wharton Innovation Doctoral Symposium 2019, session: "Technology & Innovation Management"; North East Universities Development Consortium 2019, session: "Institutions"; American Society of Health Economists Annual Conference 2018, session: “Healthcare IT: Providers & Payers”; Asia-Pacific Risk and Insurance Annual Conference 2012, Session: “Actuarial Pricing”

  • Co-organizer/Facilitator: Univ.-wide Conferences for Teaching and Learning (Spring 2017, Fall 2017), Cornell

  • Others: Financial investigator & team leader for China Banking Association Micro Entrepreneurship Awards, 2010; Founder of the “Fledgling Eagle Project/Scholarship” for Migrant Children in Rural Beijing, 2010