Overview

Professor Myers studies the economics of what determines the rate and direction of innovation. He has examined the reallocation of scientists through the use of targeted research grants at the National Institutes of Health, and is working to further understand how scientists choose their pursuits, and how policies and organizations can influence this. Professor Myers has also researched the dramatic growth in R&D in the pharmaceutical industry, drawing on traditional economic theories of scarce resources to explain productivity declines during periods of demand growth. He is also currently investigating how industry-physician interactions influence physicians’ treatment choices and the type of research they conduct. Though his current research is based in the health care sector, Professor Myers is interested in exploring the economics of innovation in many different high-technology industries.