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Professor of Economics

An expert in competitive strategy, Fiona Scott Morton came to Yale SOM having previously taught at the Graduate Schools of Business at the University of Chicago and Stanford University.  Her research focuses on empirical studies of competition among firms in areas such as pricing, entry, and product differentiation. Her articles are published widely, in journals including the Journal of Economics and Management Strategy, the RAND Journal of Economics, the Journal of Econometrics, the Journal of Industrial Economics, the International Journal of Industrial Organization, and the Quarterly Journal of Economics. 

Professor Scott Morton teaches the core perspective The Competitor, in which she introduces students to the dynamics of competition using tools from economics and integrating techniques from marketing, OB, accounting, and other disciplines.

In 2007, she was chosen by students to receive the Yale SOM Alumni Association Teaching Award, an honor which is given to one professor each year. She is a frequent speaker at academic research seminars and conferences across the United States and Europe.

Achievements and Awards
Health Care Research Award, National Institute for Health Care Management For "The Effect of Medicare Part D on Pharmaceutical Prices and Utilization" American Economic Review, Vol.100, No. 1, 590-607, with Mark Duggan, 2011 
National Science Foundation Research Grant 1064341, "The Industrial Organization of the Biologics Industry: Theory, Empirics and Policy", 2011-2013 
Excellence in Refereeing Award, American Economic Review, 2010 & 2011
Green Award, Journal of Marketing Research, 2007
Yale School of Management Alumni Association Teaching Award, 2006-2007
National Science Foundation Research Grant, 1998-2002, 2001-2003, 2005-2008
 
Memberships
American Economics Association
NBER Research Associate, Industrial Organization

Selected Articles 
"What Matters in a Price Negotiation: Evidence from the US Auto Retailing Industry" (with F. Zettelmeyer and J. Silva Risso), Quantitative Marketing and Economics, Vol. 9, 365-402, 2011 

"Data Impediments to Empirical Work in Health Insurance Markets" (with L. Dafny, D. Dranove and F. Limbrock), BE Journal of Economic Analysis and Policy, Vol. 11, No. 2, Article 8, 2011

"The Medium-Term Impact of Medicare Part D on Pharmaceutical Prices" (with M. Duggan), American Economic Review Papers and Proceedings, Vol 101, No. 3, 387-392, 2011 

"State Franchise Laws, Dealer Terminations, and the Auto Crisis" (with F. Lafontaine), Journal of Economic Perspectives, Vol. 24, No. 3, 233-50, 2010 

"The Effect of the Medicare Drug Benefit on Pharmaceutical Prices and Utilization" (with M. Duggan), American Economic Review, Vol. 100, No. 1, 590-607, 2010

"Providing Prescription Drug Coverage to the Elderly: America’s Experiment with Medicare Part D" (with M. Duggan and P. Healey, Journal of Economic Perspectives, 2008 

"State Casket Sales Restrictions: a Pointless Undertaking?" (with J. Chevalier), The Journal of Law and Economics, 2008 

"The Distortionary Effects of Government Procurement: Evidence from Medicaid Prescription Drug Purchasing" (with M. Duggan),
Quarterly Journal of Economics, Volume 121, Issue 1, 1-30, 2006

"How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data" (with F. Zettelmeyer and J. Silva-Risso), Journal of Marketing Research, 2006 

Working Papers
"Differentiated to Death" (with J. Chevalier and D. Harrington)  

"Scarcity Rents in Car Retailing: Evidence From Inventory Fluctuations At Dealerships" (with F. Zettelmeyer and J. Silva-Risso)

"Cowboys or Cowards: Why are Internet Car Prices Lower?" (with F. Zettelmeyer and J. Silva-Risso)

"Market Size and Pharmaceutical Innovation" (with P. Dubois, Pierre, O. de Mouzon and P. Seabright)

"Regulating Direct Cremations: The Cost of Seemingly Small Regulatory Changes" (with D. Harrington and J. Chevalier)

"Research Into Biomarkers: How Does Drug Procurement Affect the Design of Clinical Trials?" (with P. Seabright)

Education
PhD Massachusetts Institute of Technology, 1994
BA Yale University, 1989