Associate Professor | Mark and Stephanie Robinson Chancellor's Chair | Faculty Co-Director, Robinson Life Science, Business, & Entrepreneurship Program
Economic Analysis & Policy | Entrepreneurship & Innovation
Expert on the economics of health care markets, products, and organizations
About
Matthew Grennan joined the Haas School of Business in July 2021 as the Robinson Chancellor’s Chair and Faculty Co-Director of the Robinson Life Science, Business, and Entrepreneurship program. He is an Associate Professor in the Economic Analysis & Policy and Innovation & Entrepreneurship groups. He was previously on the faculty at Wharton and Toronto (Rotman) and received his PhD from NYU (Stern). He is also a Faculty Research Fellow at the National Bureau of Economic Research and an Editor at the Journal of Political Economy Microeconomics.
Grennan’s research studies health care markets, products, and organizations using empirical and theoretical models from industrial organization economics. His recent work examines how complex incentives and imperfect information affect how health technologies are adopted, priced, and ultimately deliver value for society. Grennan’s research relates closely to his teaching in health care entrepreneurship, data analytics, and technology strategy. It also informs recent business and public policy debates regarding price transparency, relationships between physicians and industry, regulation of new products, and antitrust concerns about market power in the health care sector.
Grennan has received teaching awards from Wharton, Toronto (Rotman), and Poets & Quants. His research has been published in the top general interest journals in economics, management, and policy, including the American Economic Review, Management Science, and Health Affairs. Grennan’s research has been funded through leading institutions such as the National Science Foundation and National Institute for Health Care Management.
Expertise and Research Interests
- Empirical Industrial Organization
- Competitive Strategy
- Innovation
- Health Care
Photos
- Stuart Craig, Matthew Grennan, Ashley Swanson. Mergers and Marginal Costs: New Evidence on Hospital Buyer Power. The RAND Journal of Economics.
2021 - Ashley Teres Swanson, Matthew Grennan. Transparency and Negotiated Prices: The Value of Information in Hospital-Supplier Bargaining. Journal of Political Economy.
2020 - Matthew Grennan, Robert J Town. Regulating Innovation with Uncertain Quality: Information, Risk, and Access in Medical Devices. American Economic Review.
2020 - Matthew Grennan. Bargaining Ability and Competitive Advantage: Empirical Evidence from Medical Devices. Management Science.
2014 - Matthew Grennan. Price Discrimination and Bargaining: Empirical Evidence from Medical Devices. American Economic Review.
2013 - Alon Bergman, Matthew Grennan, and Ashley Swanson. Medical Device Firm Payments To Physicians Exceed What Drug Companies Pay Physicians And Target Surgical Specialists. Health Affairs.
April 2021
At Haas since 2021
July 2021 – Present, Associate Professor of Economic Analysis & Policy, Haas School of Business
July 2021 – Present, Faculty Co-Director, Robinson Life Science, Business, and Entrepreneurship Program, UC Berkeley
July 2013 – June 2021, Assistant Professor of Health Care Management, University of Pennsylvania, Wharton School
July 2010 – June 2013, Assistant Professor of Strategic Management, University of Toronto, Rotman School of Management
- National Bureau of Economic Research Faculty Research Fellow (HC, IO) May 2015 – present
NSF Grant
Empirical Analysis of Business-to-Business Bargaining: Evidence from Hospital Input Markets
2016-19, with Ashley Swanson
PURC Prize for Best Paper in Regulatory Economics (IIOC 2018)
Regulating Innovation with Uncertain Quality: Information, Risk, and Access in Medical Devices
2018, with Bob Town
Poets & Quants Top 50 Undergraduate Business Professors
2018
Excellence in Teaching Award: Toronto Rotman
2011, 2012, 2013
Excellence in Teaching Award: Wharton
2017
Physician Industry Ties and Medical Device Usage and Pricing
National Institute of Health Care Management Grant
2019 (with Ashley Swanson)
Empirical Analysis of Business-to-Business Bargaining: Evidence from Hospital Input Markets
National Science Foundation Grant SES-1559485
2016 – 2019 (with Ashley Swanson)
- Medical technology: sometimes more regulation can help innovation, LSE USCentre, 02/15/2020
- Why Transparency on Medical Prices Could Actually Make Them Go Higher, The New York Times, 06/24/2019