Gerard Wedig

Gerard Wedig

Associate Professor
Area(s) of Expertise
Economics and Management
Health Science Management
Bio

Professor Wedig has consulted to numerous medical organizations including hospitals, HMO’s, physician groups, pharmaceutical firms and consulting firms on issues of health care finance. Prior to joining the Simon School, Wedig taught at Boston University’s School of Management, the Wharton School at the University of Pennsylvania and Indiana University’s Kelley School of Business.

Courses
Health Care Acctg & Finance
Business Economics of the Health Care Industry
Econ Theory of Organizations
Research Interests
Professor Wedig’s research interests are focused in the areas of health care economics and finance and organizational economics more generally.

In the field of health care finance, he has studied investment, corporate financial behavior, mergers and acquisitions and governance of health care and nonprofit entities. In the field of health care economics, he has studied the the incentive effects of payment systems on costs, insurance coverage and charity care. He has also studied the effects of report cards and public disclosure on consumer behavior. His work in organizational economics has focused on the causes and consequences of horizontal integration (chaining) among nursing homes.

Professor Wedig's current research focuses on the determinants of private sector fees in local health care markets, specialization in hospital chains and models of corporate finance and free cash flow determination in commercial nonprofit entities.
Teaching Interests

Wedig teaches courses in organizational economics, statistics, managerial economics, health care economics, as well as the corporate finance and governance of health care organizations.

Publications
“Are Firms with ‘Deep Pockets’ More Responsive to Tort Liability? Evidence from Nursing Homes”
2022
Health Economics/Wiley
Issue
8
Volume
31
Does Competition Improve Service Quality? The Case of Nursing Homes Where Public and Private Payers Coexist
2021
Management Science
Issue
10
Volume
67
Five-Star Ratings and Managerial Turnover: Evidence from the Nursing Home Industry
2021
The Journal of Law, Economics, and Organization
Malpractice Laws and Incentives to Shield Assets: Evidence from Nursing Homes
2017
Journal of Empirical Legal Studies
Issue
2
Volume
14
Clustering, Agency Costs and Operating Efficiency: Evidence from Nursing Homes
2013
Management Science/Institute for Operations Research and the Management Sciences
Issue
No. 3
Volume
Vol. 59
Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes
2013
Academy of Management Proceedings
Issue
1
Volume
2013
Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes
2011
Simon School Working Paper No. FR 11-26
Board composition and nonprofit conduct: Evidence from hospitals
2010
Journal of Economic Behavior & Organization
Issue
2
Volume
76
Board Composition and Private Inurement in Nonprofit Organisations: Evidence from Hospitals
2004
Manuscript (University of Rochester)
Board structure and executive compensation in nonprofit organizations: Evidence from hospitals
2003
William E. Simon Graduate School of Business Administration, University of Rochester
3-160J Carol Simon Hall
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