Literature Review of Fiona Scott Morton’s Work
Dr. Fei Deng discusses the empirical research of Fiona Scott Morton, the Deputy Assistant Attorney General for Economic Analysis at the U.S. Department of Justice in this article from The Antitrust Source. In particular, Dr. Deng analyzes Scott Morton’s research on the economics of pharmaceutical industry, focusing on the effect of government-sponsored pharmaceutical insurance plans —Medicaid and Medicare Part D—on prices and competition in the pharmaceutical industry, and on entry strategies of generic drug manufacturers and the resulting industry dynamics. Dr. Deng also discusses Scott Morton’s empirical findings in other published studies, such as the effect of the Internet on new car pricing, retailers’ use of store brands in their negotiations with branded manufacturers, and the linkage of the characteristics of the market players with the competitive strategies employed.
This article was published in the June 2011 issue of The Antitrust Source.