Ernst Rudolf Berndt

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Ernst Rudolf Berndt

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Ernst Berndt is a Professor of Applied Economics at the MIT Sloan School of Management. 

Until January 2011, he was Director of the National Bureau of Economic Research Program on Technological Progress and Productivity Measurement. 

Berndt’s recent research focus has been on the changing dynamics of the healthcare industries. He has examined how medical innovations have affected the costs of treating selected diseases over time, factors affecting the globalization of clinical trials (particularly in emerging economies), causes of recent cancer drug shortages in the US, incentives to induce research and development into diseases prevalent in low-income countries, how industry funding of the U.S. Food and Drug Administration through user fees has affected review times and safety withdrawal rates, and the impact of direct-to-consumer marketing of prescription pharmaceuticals on drug utilization. In other research, Berndt has assessed how illness and its treatment affect individuals’ ability to function at work. More generally, his research deals with assessing the sources of productivity growth and how productivity is measured. Berndt has implemented methods for adjusting prices for changes in quality in the pharmaceutical, healthcare, personal computer hardware, prepackaged software, and personal digit assistant product categories. He also has published research on the structure of the advertising services industries.

Berndt holds a BA in economics and philosophy from Valparaiso University, as well as an MS and a PhD from the University of Wisconsin. He has also been awarded honorary doctorate degrees from Uppsala University in Sweden and from the University of Basel in Switzerland.

Honors

Berndt receives Shiskin award

Ernst Berndt awarded honorary degree

Publications

"Consumption Externalities and Diffusion in Pharmaceutical Markets: Anti-Ulcer Drugs."

Berndt, Ernst, Pierre Azoulay, and Robert S. Pindyck. Journal of Industrial Economics Vol. 51, No. 2 (2003): 243-270.

"A Primer on the Economics of Prescription Pharmaceutical Pricing in Health Insurance Markets."

Berndt, Ernst R., Thomas G. McGuire and Joseph P. Newhouse. Forum for Health Economics & Policy Vol. 14, No. 2 (2011): 1-2.

"A Primer on the Economics of the Re-Importation of Prescription Drugs."

Berndt, Ernst R. Managerial and Decision Economics Vol. 28, No. 4-5 (2007): 415-435.

"A Review of the Energy Productivity Center's `Least-Cost Energy Strategy' Study."

Ernst R. Berndt, David O. Wood, and Michael Manove.

"A Theoretical and Empirical Investigation of the Box-Cox Model and a Nonlinear Least Squares Alternative."

Berndt, Ernst R., Mark H. Showalter and Jeffrey M. Wooldridge. Econometric Reviews Vol. 12, No. 1 (1993): 65-102.

"Advance Market Commitment for Pneumococcal Vaccines: Moving from Theory to Practice."

Tania Cernuschi, Eliane Furrer, Nina Schwalbe, Andrew Jones, Ernst R. Berndt and Susan McAdams.

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