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讲座题目：

Decentralized Policymaking and Market Distortions: Evidence from China's Drug Formulary Design

主讲人：刘晨源

清华大学经济管理学院助理教授，博士毕业于威斯康星大学麦迪逊分校。研究领域为：健康经济学，产业组织理论，保险经济学，应用微观经济学。她的成果发表于American Economic Journal: Economic Policy，Journal of Health Economics等顶级期刊。

讲座时间：2024年4月26日（周五）14:00-16:00

讲座地点：金融学院116教室

内容摘要：

In this paper, we examine how decentralized public policymaking may create market distortions. We consider the issue in the context of the drug formulary design of the public health insurance programs in China. Since 2000, the central government has created a list of drugs to be covered by the public insurance program and allowed 15% of them to vary across provinces. We find that provincial governments take advantage of the policy to favor local firms: adding a drug to the provincial formulary is highly affected by whether there are local firms producing the drug, while the decision is not responsive to local demand shocks. We discuss the welfare implications of having a single national drug formulary instead.