The Local Influence of Pioneer Investigators on Technology Adoption: Evidence from New Cancer Drugs

Leila Agha, David Molitor

Research output: Contribution to journalArticlepeer-review

Abstract

Local opinion leaders may play a key role in easing information frictions associated with technology adoption. This paper analyzes the influence of physician investigators who lead clinical trials for new cancer drugs. By comparing diffusion patterns across 21 new cancer drugs, we separate correlated regional demand for new technology from information spillovers. Patients in the lead investigator’s region are initially 36% more likely to receive the new drug, but utilization converges within four years. We also find that superstar physician authors, measured by trial role or citation history, have broader influence than less prominent authors.
Original languageEnglish (US)
Pages (from-to)29-44
JournalReview of Economics and Statistics
Volume100
Issue number1
DOIs
StatePublished - Mar 2 2018

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