David Dranove

Department of Strategy
Kellogg School of Management
Northwestern University
2001 Sheridan Road
Evanston, IL 60208

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Northwestern University

NBER Working Papers and Publications

May 2020Expected Profits and The Scientific Novelty of Innovation
with Craig Garthwaite, Manuel I. Hermosilla: w27093
July 2019The Opportunities and Limitations of Monopsony Power in Healthcare: Evidence from the United States and Canada
with Jillian Chown, Craig Garthwaite, Jordan Keener: w26122
October 2017A Dose of Managed Care: Controlling Drug Spending in Medicaid
with Christopher Ody, Amanda Starc: w23956
June 2016Insurance and the High Prices of Pharmaceuticals
with David Besanko, Craig Garthwaite: w22353
October 2014Investment Subsidies and the Adoption of Electronic Medical Records in Hospitals
with Craig Garthwaite, Bingyang Li, Christopher Ody: w20553

Published: David Dranove & Craig Garthwaite & Bingyang Li & Christopher Ody, 2015. "Investment subsidies and the adoption of electronic medical records in hospitals," Journal of Health Economics, vol 44, pages 309-319.

June 2014Pharmaceutical Profits and the Social Value of Innovation
with Craig Garthwaite, Manuel Hermosilla: w20212
February 2013How do Hospitals Respond to Negative Financial Shocks? The Impact of the 2008 Stock Market Crash
with Craig Garthwaite, Christopher Ody: w18853

Published: RAND Journal of Economics Vol. 48, No. 2, Summer 2017 pp. 485–525 How do nonprofits respond to negative wealth shocks? The impact of the 2008 stock market collapse on hospitals

August 2012The Trillion Dollar Conundrum: Complementarities and Health Information Technology
with Christopher Forman, Avi Goldfarb, Shane Greenstein: w18281

Published: David Dranove & Chris Forman & Avi Goldfarb & Shane Greenstein, 2014. "The Trillion Dollar Conundrum: Complementarities and Health Information Technology," American Economic Journal: Economic Policy, American Economic Association, vol. 6(4), pages 239-70, November. citation courtesy of

January 2010Quality Disclosure and Certification: Theory and Practice
with Ginger Zhe Jin: w15644

Published: David Dranove & Ginger Zhe Jin, 2010. "Quality Disclosure and Certification: Theory and Practice," Journal of Economic Literature, American Economic Association, vol. 48(4), pages 935-63, December. citation courtesy of

August 2006Regulatory Exploitation and the Market for Corporate Controls
with Leemore Dafny: w12438

Published: Leemore Dafny & David Dranove, 2009. "Regulatory Exploitation and Management Changes: Upcoding in the Hospital Industry," Journal of Law & Economics, University of Chicago Press, vol. 52(2), pages 223-250, 05.

June 2005Do Report Cards Tell Consumers Anything They Don't Already Know? The Case of Medicare HMOs
with Leemore Dafny: w11420

Published: Dafny, Leemore and David Dranove. “Do Report Cards Tell Consumers Anything They Don’t Already Know? The Case of Medicare HMOs.” The RAND Journal of Economics 39, 3 (Autumn 2008): 790-821. citation courtesy of

January 2002Is More Information Better? The Effects of 'Report Cards' on Health Care Providers
with Daniel Kessler, Mark McClellan, Mark Satterthwaite: w8697

Published: Dranove, David, Daniel Kessler, Mark McClellan and Mark Satterthwaite. "Is More Information Better? The Effects Of `Report Cards' On Health Care Providers," Journal of Political Economy, 2003, v111(3,Jun), 555-588. citation courtesy of

April 2001The Silent Majority Fallacy of the Elzinga-Hogarty Criteria: A Critique and New Approach to Analyzing Hospital Mergers
with Cory S. Capps, Shane Greenstein, Mark Satterthwaite: w8216

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