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Lucy Xiaolu Wang's Professional Website

I am a tenure-track Assistant Professor at University of Massachusetts Amherst, a Faculty Research Fellow at the Max Planck Institute for Innovation and Competition, Germany, and a Faculty Associate at the Canadian Centre for Health Economics. My research focuses on the economics of innovation & digitization in health care markets (national and global), particularly in the biopharmaceutical and digital health industries. I am a co-founder and inaugural convener for the Digital Health Technology special interest group at the International Health Economics Association. My projects have been funded by Cornell, CUFE, Duke, Institute for Humane Studies, Max Planck Institute, National Ministry of Education of China, RWJF, UMass, among others.

Curriculum Vitae


  • Ph.D. Economics, Cornell University, Ithaca, NY, USA

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

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


Research and Teaching Fields: 

Health Economics, Innovation Economics/Management, Industrial Organization, Public Finance, Applied Econometrics

Contact Information:

email: xiaoluwang at

address: Stockbridge Hall 208B, 80 Campus Center Way, Amherst 01003

Research Papers
Research Papers

I utilize rich institutional details and novel data on health care markets to answer theory-motivated, policy-relevant empirical questions. My research agenda aims to understand innovation in markets with high R&D investment, heavy regulation, massive financial burden, and important implications for social welfare and firms' decisions.

Working Papers

Procurement Institutions and Essential Drug Supply in Low and Middle-Income Countries, witNahim Bin Zahur (Queen's University, Canada) 

  • 2023 IHEA Adam Wagstaff Prize Winner (newsletter announcement)

  • Download: latest draft (SSRN) This paper studies the effectiveness and tradeoff of pooled procurement institutions (international & domestic) in facilitating LMIC drug supply; heterogeneity and relative merits vs IP licensing institutions

Legalization and Innovation in the Cannabis Market, with Nathan Chan (UMass Amherst)

  • Download: latest draft (SSRN). How would changes in legal institutions affect the rate and direction of innovation in restricted or illicit markets? In the cannabis market, legalization increases innovation, but not where it matters the most.

Marketing Authorization and Strategic Patenting: Evidence from Pharmaceuticals, with Dennis Byrski (MPI alum) R&R, Journal of Public Economics

Megaprojects, Digital Platforms, and Productivity: Evidence from the Human Brain Project, with Ann-Christin Kreyer(MPI, LMU Munich) *co-author is a Ph.D. student mentee

  • Advanced work-in-progress; using AI/NLP and econometrics to study the EU megaproject in AI-brain sciences.


Peer-reviewed Journal Articles

A Cost-Benefit Analysis of the Medicines Patent Pool, 2023, Economics Bulletin

  • Download: published versionMPI discussion paper. Estimation of MPP-induced consumer & producer welfare gains based on a structural model. Simulated counterfactuals accounted for no MPP and further expansions. 

  • This paper is split (structural part) from an earlier draft at SSRN (unsplit) draft (paper & appendix); follow-up to Wang (2022).

Human Mediation Leads to Higher Compliance in Digital Mental Health: Field Evidence from India, 2023Frontiers in Behavioral Economics, Special Issue: The Ethics and Behavioral Economics of Human-AI Interactions, with Chirantan Chatterjee (U of Sussex), Marina Chugunove (MPI), Ghosh Mainak (MPI), Abhay Singhal (TickTalkTo) 

Collaborating Neuroscience Online: The Case of the Human Brain Project Forum, 2022, PLOS ONE, with Ann-Christin Kreyer* (Max Planck Institute for Innovation and Competition; MGSE at LMU Munich, Germany) *co-author is a Ph.D. student mentee

Global Drug Diffusion and Innovation with the Medicines Patent Pool, 2022, Journal of Health Economics

  • Download: published version; MPI discussion paper; reading slides; More generic drug supply of patented drugs and positive spillover effects to upstream innovation (input & output). The MPP is now a key part of the WHO Covid-19 Technology Access Pool (C-TAP); Here is a summary of their contribution to drug access in Covid-19. 

  • This paper is split (causal part) from an earlier draft at SSRN (unsplit) draft (paper & appendix); (unsplit) slides (60 min version) 

  • Best Paper Proceedings, Academy of Management (technology & innovation management division), 2021

  • Best Student Paper award nominee, Antitrust Writing Awards, Concurrences, 2020

  • 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

  • Media: Twitter thread; news@UMass; The Conversation; Medical Xpress, Yahoo! News, allAfrica, The Hour, The Telegraph, NewsBreak, NewsTimes, Global Health News Wire,, Columbus Telegram, WFMZ-TV Online, Southern Illinoisan, Scottsbluff Star-Herald, Rapid City Journal, Quad-Cities Online, Beatrice Daily Sun,, ArcaMax, Newsify,,, Bismarck Tribune, Flipboard, Hearst Newspapers, Old Reader, Newsblur, Inoreader, Albany Times-Union, Connecticut Post, Menafn, New Haven Register, Edwardsville (IL) Intelligencer, Stamford Advocate, Houston Chronicle, Danbury News-Times, San Antonio Express-News, Giving Compass, Huron Daily Tribune, ...

  • Top 5% of all research outputs scored by Altmetric; top 1% compared to outputs of the same age & source (link)

U.S. State Approaches to Cannabis Licensing, 2022, International Journal of Drug Policy, with Nicholas J. Wilson* (LMU Munich) *co-author is a Master's student mentee 

The Complementarity of Drug Monitoring Programs and Health IT for Reducing Opioid-Related Mortality and Morbidity, 2021, Health Economics 

The Secret Menu in Health Care: A Cash Market for Imaging in California, 2020, INQUIRY, with Jordan Epstein (Stroll Health), Sean Nicholson (Cornell University), Katherine Hempstead (RWJF), Sam Asin (Stroll Health)

Policy Reports & Notes

Digital Interventions in the Health Sector: Country Cases and Policy Discussions, 2023, International Monetary Fund (IMF) Notes, with Carolina Bloch (IMF) 

Best Paper Proceedings

Medicines Patent Pool and HIV Drug Cocktail Diffusion and Innovation, 2021, In Guclu Atinc (Ed.), Best Paper Proceedings of the 81st Annual Meeting of the Academy of Management (link) (top 10% among accepted papers)


The Complementarity of Health Information & HIT for Reducing Opioid-Related Mortality and Morbidity, 2019, Best Paper Proceedings of the 79th Annual Meeting of the Academy of Management (link(top 10% among accepted papers)

Book Chapters

Manufacturing Fetishism: The Neo-Mercantilist Preoccupation with Protecting Manufacturing, 2015, joint with Alecia W. Cassidy and Edward TowerThe Region and Trade: New Analytical Directions (Ed. Amitrajeet Batabyal and Peter Nijkamp), World Scientific, p.137-175 (download: Duke (ERID) working paper; publisher's sitealphabetical order

Technical Memos

Patent Classification Systems and Technological Categorization: An Overview and Update (download: SSRNdata)

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

  • UMass Amherst Public Interest Technology Initiative (PIT@UMass) inaugural faculty fellowship (info), 2022

  • 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, Topics in Advanced Econometrics (Ph.D. Econometrics III), UMass Amherst, F24 (scheduled)

  • Instructor, Intermediate Statistics for Business and Economics (undergraduate), UMass Amherst, S&F22, F23

  • Instructor, Health Economics (upper-level undergraduate), UMass Amherst, F21, F22, F23

  • 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 Econometrics 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



Mentoring Experiences

  • Trained Facilitator for Graduate School’s Research Mentor Training (for faculty/postdoc/grad), UMass, 2023

  • Co-organizer & Panelist, Mentoring Workshop for 3rd + Year Women & Non-Binary PhD Students in Economics and Economics-Adjacent Fields, AEA Committee on the Status of Women in the Economics Profession, 2022

  • Faculty Mentor, Mentoring Workshop for Women & Non-binary PhD Students in Health Economics & Health Policy (virtual), AEA Committee on the Status of Women in the Economics Profession (CSWEP), Fall 2021

  • 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: American Economic Review; Applied Economics; Applied Economics Letters; Demographic Research; Health Economics; Health Economics, Policy, and Law; Health Information Management Journal; Health Policy; Information System Research; International Journal of Drug Policy; Journal of Health Economics; Journal of Labor Economics; Management Science; Production and Operations Management; Research Policy; Social Science Research

  • Scientific Review Committee: American Society of Health Economists Conference, 2018-2024; Academy of Management Conference, 2018; Award Committee member for the AOM Health Care Management Division Outstanding Paper Based on a Dissertation, 2020; Max Planck Institute doctoral admission committee, 2021

  • Co-founder: IHEA Digital Health Technology special interest group, 2024 & inaugural ECR convener 2024-now

  • Co-chair & co-organizerAOM Patent Professional Development Workshop (i.e., the Patent PDW), 2023, 2024 

  • Co-organizer: AEA CSWEP Mentoring Workshop for 3rd + Year Women & Non-Binary PhD Students in Economics & Econ-adjacent Fields, 2022 Fall; Univ.-wide Conferences for Teaching and Learning (Spring & 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

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