Curriculum Vitae

Christopher P. Adams, Ph.D.
Bureau of Economics
Federal Trade Commission
cadams {at} ftc {dot} gov


Previous Positions:
Assistant Professor (Visiting), University of Vermont 2000 to 2001
Teaching Assistant, University of Wisconsin 1995 to 1999

Academic:
Ph.D. (Economics), University of Wisconsin 2001
Masters of Science (Economics), University of Wisconsin 1996
Masters of Commerce (Economics), University of Melbourne 1993
Bachelor of Commerce (Honors), University of Melbourne 1991

Research Areas: Pharmaceutical R&D, Empirical Industrial Organization, Internet Auctions, Incentive Contracts

Published Papers (Refereed):
1. Spending on New Drug Development with Van Brantner, Health Economics, Forthcoming.
2. Estimating Demand from eBay Prices, International Journal of Industrial Organization, December 2007.
3. Estimating the Cost of New Drug Development: Is it really $802m? with Van Brantner, Health Affairs, March/April: 420-428, 2006.
4. Optimal Team Incentives with CES Production, Economics Letters, 92: 143-148, 2006.
5. Pharmaceutical Development Phases: A duration analysis, with Rosa Abrantes-Metz and Albert Metz, Journal of Pharmaceutical Finance, Economics and Policy, 14(4): 19-42, 2005.
6. The Use of Profit Sharing When Workers Make Decisions: Evidence from a Survey of Manufacturing Workers, in The Determinants of the Incidence and the Effects of Participatory Organizations, Takao Kato and Jeffery Pliskin (eds), chapter 7, volume 7, 2003, pp. 173-209, 2003.

Other Research Papers:
2009
Identification of the Joint Value Distribution from Auction Data.
2008
eBay aNtitrust, ABA Antitrust Section Economics Committee Newsletter, Spring.
2007
Introduction to Symposium on Online Auctions, with Patrick Bajari in International Journal of Industrial Organization December.
Tests of the Sealed-Bid Abstraction in Online Auctions, with Robert Zeithammer, under review at Marketing Science.
Roundtable on the Economics of Internet Auctions: A summary
2006
Estimating the Value of “Going For It” (When No One Does), under review at Journal of Sports Economics.
‘Vettes and Lemons on eBay, with Laura Hosken and Peter Newberry, under review at Quantitative Marketing and Economics.
Learning in Prediction Markets
New Dealer Laws and eBay Motors, with Laura Hosken and Debra Holt
Moral Hazard, Time Preferences and Stock Options
Empirical Facts and Innovation Market Analysis, with Rosa Abrantes-Metz and Albert Metz, Antitrust Source, March.
2004
Private Information and Ex Ante Contracts
Identifying Demand in EBay Auctions, FTC Working Paper #272
Is it Always Optimal to “Sell the Firm” to a Risk Neutral Agent? FTC Working Paper # 268
Digital Demand: Demand for new digital cameras on eBay, with Bill Vogt and Hao Xu
2003
New Drug Development: Estimating entry from human clinical trials, with Van Brantner, FTC Working Paper #262
Focusing on Demand: Using eBay data to analyze the demand for telescopes, with Laura Hosken, FTC Working Paper #257
Agent Discretion, Adverse Selection and the Risk-Incentive Trade Off, FTC Working Paper #255
2002
Does Size Really Matter? Empirical evidence on group incentives, FTC Working Paper #252
Selection of “High Performance Work Systems” in U.S. Manufacturing, FTC Working Paper #247

Recent Presentations:
2009
Econometric Society Summer Meetings, Boston MA, June
University of Wisconsin, Madison WI, April
International Industrial Organization Conference, Boston MA, April
2008
University of Minnesota, Minneapolis MN, October
American Course on Drug Development and Regulatory Sciences, UCSF, San Francisco CA, October
Chicago Graduate School of Business, Chicago IL, September
American Economic Association Meetings, New Orleans LA January
2007
Cornell University Policy Analysis and Management, Ithaca NY October
American Course on Drug Development and Regulatory Sciences, Washington DC September
Competition Bureau Canada, Ottawa ON Canada September
International Industrial Organization Conference, Savannah GA April
2006
University of Maryland Smith Business School, College Park MD September
2nd Annual Statistical Challenges in Ecommerce Research, Minneapolis MN June
University of Virginia, Charlottesville VA March
International Industrial Organization Conference, Boston MA April
2005
University of Maryland, College Park MD November
Federal Reserve Board of Governors, Washington DC November
Southern Economic Association Meetings, Washington DC November
INFORMS, San Francisco CA November
Department of Justice, Washington DC October
National Bureau of Economic Research Summer Institute, Boston MA July
International Industrial Organization Conference, Atlanta GA April
George Washington University, Washington DC April
Bureau of Economic Analysis, Washington DC May
2004
Charles River Associates Inc., Washington DC July
International Industrial Organization Conference, Chicago IL April
2003
Interdisciplinary Workshop on Reputation Systems, Boston MA May
North American Summer Meeting of the Econometric Society, Chicago IL June

Other Recent Experience
Rising Star Sessions Organizer, International Industrial Organization Conference 2008-2009
Organizer for the FTC/Northwestern Microeconomics Conference 2008 (with Dan O'Brien)
Session organizer, Economic Behavior: Evidence from Sports, American Economic Association Conference 2008
Local Co-Chair of 2008 International Industrial Organization Conference (with Ken Button)
Co-Editor of Symposium on Online Auctions in IJIO (with Patrick Bajari) December 2007
Organizer for the FTC Grocery Store Antitrust Conference (with Michael Salinger) 2007
Organizer for the FTC Economics of the Pharmaceutical Industry Roundtable 2006
Organizer for the FTC Economics of Internet Auctions Roundtable 2005
Session organizer, International Industrial Organization Conference 2004 and 2005

FTC case work: Realcomp II, Synopysis/Nassda, RJR/Brown and Williamson, Pfizer/Pharmacia, Meade/Celestron, Amgen/Immunex

Referee for American Economic Review, American Journal of Agricultural Economics, Health Affairs, Health Economics, Journal of Business, Journal of Econometrics, Journal of Economics and Management Strategy, Journal of Health Economics, International Journal of Industrial Organization, Journal of Political Economy, Management Science, Review of Industrial Organization.

Reviewer for the Sixth Edition of Michael Parkin’s, Microeconomics

Other
FTC’s Paul Rand Dixon Award 2007