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.
Health Care Acctg & FinanceBusiness Economics of the Health Care IndustryEcon 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.
“Are Firms with ‘Deep Pockets’ More Responsive to Tort Liability? Evidence from Nursing Homes”2022Health Economics/WileyIssue8Volume31Does Competition Improve Service Quality? The Case of Nursing Homes Where Public and Private Payers Coexist2021Management ScienceIssue10Volume67Five-Star Ratings and Managerial Turnover: Evidence from the Nursing Home Industry2021The Journal of Law, Economics, and OrganizationMalpractice Laws and Incentives to Shield Assets: Evidence from Nursing Homes2017Journal of Empirical Legal StudiesIssue2Volume14Clustering, Agency Costs and Operating Efficiency: Evidence from Nursing Homes2013Management Science/Institute for Operations Research and the Management SciencesIssueNo. 3VolumeVol. 59Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes2013Academy of Management ProceedingsIssue1Volume2013Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes2011Simon School Working Paper No. FR 11-26Board composition and nonprofit conduct: Evidence from hospitals2010Journal of Economic Behavior & OrganizationIssue2Volume76Board Composition and Private Inurement in Nonprofit Organisations: Evidence from Hospitals2004Manuscript (University of Rochester)Board structure and executive compensation in nonprofit organizations: Evidence from hospitals2003William E. Simon Graduate School of Business Administration, University of Rochester