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Yunwei Gai

Associate Professor

Babson Research Scholar
Academic Division: Economics
781-239-5052

Bio

Yunwei Gai received his Ph.D. degree in Economics from the Florida State University. He has a B.S. degree in International Trade from Wuhan University, China. In his Ph.D. dissertation, he investigated hospital market power and its impact on hospital prices as a result of merger activities. Dr. Gai's primary research interests are in the areas of Applied Econometrics and Health Economics. His work has been published in Health Economics, American Journal of Hypertension, Atlantic Economic Journal, Journal of Derivatives and Hedge Funds, and Health Financing Revisited: A Practitioner's Guide published by the World Bank and other academic journals. He is referee for many academic journals and conferences including Small Business Economics Journal, Entrepreneurship Theory and Practice, American Journal of Public Health, American Journal of Hypertension, and the World Congress on Health Economics. Dr. Gai’s current research focuses on insurance gaps and chronic condition management; impacts of health insurance on entrepreneurship activities; and the importance of preventative health care. In addition to continuing his work in health care, he is also interested in the application of healthcare Econometrics models in entrepreneurial activities, international trade and financial markets such as using survival models to analyze financing options and business performance. Dr. Gai teaches courses at the undergraduate and graduate level at Babson College. His recent courses are Industrial Organization and Public Policy, Managerial Economics, Econometrics, Customer Markets and Marketing (MBA), Economic and Financial Forecasting (MBA), and Health Economics (MBA).

Academic Degrees

  • Ph D, Florida State University
  • MS, Florida State University
  • BS, Wuhan University

Academic Interests

Industrial Organization; Econometrics; Financial Economics; Healthcare and Public Policy

Awards & Honors

  • 2009 - Babson Faculty Research Fund
  • 2008 - Babson Faculty Research Fund, Major Award,
  • 2008 - Honorarium from Loyola University Chicago
  • 2006 - DeVoe Moore Dissertation Fellowship
  • 2006 - Florida State University Dissertation Research Grant
  • 2005 - The Pepper Institute Dissertation Fellowship
  • 2005 - The Irvin & Peggy Sobel Award, for outstanding Ph.D. Candidates
  • 2002 - James H. Gapinski Award, for outstanding first-year graduate student
  • 2001 - Florida State University Presidential University Research Fellowship
  • 1999 - Grand Prize in the National English Competition for College Students, Chinese Education Department
  • 1998 - Commercial Bank Scholarship, Commercial Bank of China
  • 1997 - People’s Scholarship, Wuhan University

Courses

Degree Courses 2015-2016
  • ECN 3620: ECONOMETRICS
  • ECN 7555: HEALTH ECONOMICS
  • ECN 7520: ECONOMIC & FINANCIAL FORECASTING
  • ECN 3655: MANAGERIAL ECONOMICS

Publications

Journal Articles

  • Way, M.M., Polutnik, L., Gai, Y., (in press). Compensation and Employment Impact of a Full-time MBA Program. International Advances in Economic Research
  • Way, M.M., Polutnik, L., Gai, Y., (2016). Compensation and Employment Impact of a Full-time MBA Program. International Advances in Economic Research link
  • Jones, K.A., Gai, Y. (2015). Patterns of Representation in WTO Committee Chairs, 1995–2012. World Trade Review, 14(3)
  • Gai, Y., Minniti, M. (2015). Health Insurance, Job Lock, and the Supply of Self-Employment. Journal of Small Business Management, 53(2), 558-580. link
  • Gai, Y., Minniti, M. (2014). External Financing and the Survival of Black-Owned Start-Ups in the US. Eastern Economic Journal link
  • Gai, Y. (2014). Relationship between local family physician supply and influenza vaccination after controlling for individual and neighborhood effects. American Journal of Infection Control, 42(5), 500-505. link
  • Feng, L., Gai, Y., Chen, X. (2014). Family Learning Environment and Early Literacy: A Comparison of Bilingual and Monolingual Children . Economics of Education Review, 39, 110-130.
  • Gai, Y., Feng, L. (2013). Factors Associated With First-Time Use of Preventive Services in the United States. American Journal of Health Behavior, 37(2), 257-268.
  • Marthinsen, J.E., Gai, Y. (2013). Clarifying Volatility's Effect on a Call Option's Value in the Binomial Option Pricing Model. International Research Journal of Applied Finance, 4(9), 1133–1152.
  • Jones, K.A., Gai, Y. (2013). Joining the WTO: Why Does It Take So Long?. Open Economies Review, 24(4), 695-716.
  • Gai, Y., Feng, L. (2012). Effects of Federal Nutrition Program on Birth Outcomes. Atlantic Economic Journal, 40(1), 61-83.
  • Gai, Y. (2009). Investment in Nutrition: A Global View of Donations in Direct Nutrition Intervention. Journal of Development Alternatives and Area Studies, 28(1), 226-269.
  • Gai, Y. (2008). Pharmacist Consultation and Patient Medication Adherence. Pharmacy Practice, 6(4), 201-210.
  • Gai, Y., Bokhari , F., Gottret, P. (2007). Government Health Expenditures and Health Outcomes. Health Economics, 16(3)
  • Gai, Y., Gu , N., Hay , J. (2007). The Effect of Pharmacist Consultation on Patient Medication Adherence: An Instrumental Variable Approach. Value in Health, 10(3), A184.

Articles

  • Gai, Y. (2012, September) Applying Health Economics for Managerial Decision Making: Cost Minimizing and Incentive Creation. Babson Insight. Wellesley, MA: Babson College

Cases and Teaching Notes

  • Gai, Y. (in press). Analyze Big Data Using SAS: An Interactive Goal-Oriented Approach.

Conference Proceedings

  • Way, M.M., Polutnik, L., Gai, Y. (2013). Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience. Proceedings of the 40th Northeast Business & Economics Association Annual Conference,

Others

  • Way, M.M., Polutnik, L., Gai, Y., , (in press). Compensation and Employment Impact of a Full-time MBA Program: Springer
  • Gai, Y. (in press). Analyze Big Data Using SAS: An Interactive Goal-Oriented Approach: Babson College
  • Gai, Y. (2007). Healthy Development: The World Bank Strategy for Health, Nutrition, and Population Results

Presentations

  • Local Labor Market Condition and Seasonal Flu Vaccination
    Gai, Y., Feng, L. Local Labor Market Condition and Seasonal Flu Vaccination International Health Economics Association 11th World Congress, Milan, Italy (2015)
  • Providing Immunization Services through Non-Traditional Settings in the United States
    Gai, Y., Feng, L. Providing Immunization Services through Non-Traditional Settings in the United States International Health Economics Association 11th World Congress, Milan, Italy (2015)
  • Compensation and Employment Impact of A Full-Time MBA Program
    Gai, Y., Way, M., Polutnik, L. Compensation and Employment Impact of A Full-Time MBA Program 78th International Atlantic Economic Conference, Savannah, GA (2014)
  • Impact of Community Pharmacists and Pharmacies on Immunization Services in the U.S.
    Gai, Y. Impact of Community Pharmacists and Pharmacies on Immunization Services in the U.S. 78th International Atlantic Economic Conference, Savannah, GA (2014)
  • Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience
    Way, M., Polutnik, L., Gai, Y. Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience 40th Northeast Business & Economics Association Annual Conference, Bretton Woods, NH (2013)
  • Predicting Health Care Costs in Asthma Using the EQ-5D Index Score
    Gai, Y., Gu, N., Raisch, D., Wu, J., Hay, J. Predicting Health Care Costs in Asthma Using the EQ-5D Index Score ISPOR 16th Annual European Congress, Dublin, Ireland (2013)
  • Patterns of Representation in WTO Committee Chairs: 1995-2012
    Jones, K., Gai, Y. Patterns of Representation in WTO Committee Chairs: 1995-2012 76th International Atlantic Economic Conference, Philadelphia, PA (2013)
  • Supply of Family Physicians and Influenza Vaccination in the United States: Individual and Neighborhood Effects
    Gai, Y., Gu, N. Supply of Family Physicians and Influenza Vaccination in the United States: Individual and Neighborhood Effects Babson Faculty Research Chat, Babson Park, MA (2013)
  • Predicting healthcare costs in asthma using the EQ-5D health-related quality-of-life (HRQoL) index score with and without adjusting non-random positive spending using a US national representative population
    Gai, Y., Gu, N., Wu, J., Raisch, D. Predicting healthcare costs in asthma using the EQ-5D health-related quality-of-life (HRQoL) index score with and without adjusting non-random positive spending using a US national representative population 2nd International Allergen Symposium on the Economics of Asthma and Allergies, Sydney, Australia (2013)
  • Supply of Family Physicians and Influenza Vaccination in the United States: Individual and Neighborhood Effects
    Gai, Y., Gu, N. Supply of Family Physicians and Influenza Vaccination in the United States: Individual and Neighborhood Effects 9th World Congress on Health Economics (iHEA), Sydney, Australia (2013)
  • Effect of Local Family Physician Supply on Influenza Vaccination Utilization after Controlling Individual and Neighborhood Factors
    Gai, Y., Gu, N. Effect of Local Family Physician Supply on Influenza Vaccination Utilization after Controlling Individual and Neighborhood Factors World Congress on Health Economics, Sydney, Australia (2013)
  • Predicting Asthma-Related Healthcare Costs Using The Eq-5d Index Score
    Gai, Y., Gu, N. Predicting Asthma-Related Healthcare Costs Using The Eq-5d Index Score World Congress on Health Economics, Sydney, Australia (2013)
  • Local Food Environment and Pre-School Obesity
    Gai, Y., Feng, L. Local Food Environment and Pre-School Obesity European Conference on Health Economics , Zurich, Switzerland (2012)
  • Health Insurance and Self-Employment
    Gai, Y. Health Insurance and Self-Employment 8th World Congress on Health Economics, Toronta, Canada (2011)
  • Effects of WIC Participation on Birth Outcomes: New Evidence from the Birth Cohort of the Early Childhood Longitudinal Study Program
    Gai, Y. Effects of WIC Participation on Birth Outcomes: New Evidence from the Birth Cohort of the Early Childhood Longitudinal Study Program Academy Health Annual Research Meeting, Seattle, WA (2011)
  • Employer-provided Health Insurance and Long-term Employment Choice
    Gai, Y. Employer-provided Health Insurance and Long-term Employment Choice 2nd IZA Workshop on Entrepreneurship Research, Bonn, Germany (2011)
  • Higher Education and Job Market in the United States
    Gai, Y. Higher Education and Job Market in the United States , Shanxi University, Taiyuan, China (2011)
  • Employer-Provided Health Insurance and Long Term Employment Choice
    Gai, Y. Employer-Provided Health Insurance and Long Term Employment Choice IZA Workshop on Entrepreneurship Choice, Bonn, Germany (2011)
  • Will Universal Health Insurance Enhance Entrepreneurship Activity?
    Gai, Y. Will Universal Health Insurance Enhance Entrepreneurship Activity? American Economic Association 126th Annual Conference, Denver, CO (2011)
  • Accession to the WTO: an Endurance Model Approach
    Jones, K., Gai, Y. Accession to the WTO: an Endurance Model Approach Association for Global Business Conference, New Orleans, LA (2010)
  • Family Learning Environment on Early Literacy: Comparing Bilingual with Monoligual Children
    Gai, Y. Family Learning Environment on Early Literacy: Comparing Bilingual with Monoligual Children Southern Economics Association 80th Annual Conference, Atlanta, GA (2010)
  • Will Universal Health Insurance Enhance Entrepreneurship Activity?
    Gai, Y. Will Universal Health Insurance Enhance Entrepreneurship Activity? Southern Economics Association 80th Annual Conference, Atlanta, GA (2010)
  • Economic and Other Factors Affecting the Use of Prostate Cancer Screening in the US
    Gai, Y. Economic and Other Factors Affecting the Use of Prostate Cancer Screening in the US 3rd Biennial American Society of health Economists Conference(2010)
  • CEO Compensation and Firm Performance
    Gai, Y. CEO Compensation and Firm Performance Executive Compensation Roundtable, Millstein Center for Corporate governance and Performance of Yale School of Management (2010)
  • Survival and Financing of Black Owned Start-ups in the US
    Gai, Y. Survival and Financing of Black Owned Start-ups in the US American Economic Association Annual Conference, Atlanta, GA (2010)
  • Association Between Insurance Gaps And Anti-Hypertension Medication Adherence In A National Representative Sample In The United States
    Gai, Y. Association Between Insurance Gaps And Anti-Hypertension Medication Adherence In A National Representative Sample In The United States 7th World Congress on Health Economics, Undisclosed (2009)
  • Association Between Insurance Gaps And Anti-Hypertension Medication Adherence In A National Representative Sample In The United States
    Gai, Y. Association Between Insurance Gaps And Anti-Hypertension Medication Adherence In A National Representative Sample In The United States ISPOR 14th Annual International Meeting, Undisclosed (2009)
  • Amaranth Advisors and Excessive Speculation in the Natural Gas Futures Market
    Marthinsen, J., Gai, Y. Amaranth Advisors and Excessive Speculation in the Natural Gas Futures Market Loyola University(2008)
  • Amaranth Advisors and Excessive Speculation in the Natural Gas Futures Market
    Gai, Y. Amaranth Advisors and Excessive Speculation in the Natural Gas Futures Market Undisclosed , Chicago (2008)
  • Can Empirical Demand Models Assist in CON Comparative Reviews? A Case Study in Florida
    Gai, Y. Can Empirical Demand Models Assist in CON Comparative Reviews? A Case Study in Florida 2nd Biennial American Society of Health Economists Conference, Undisclosed (2008)
  • An Empirical Analysis of the Certificate-Of-Need Comparative Review
    Gai, Y. An Empirical Analysis of the Certificate-Of-Need Comparative Review Southern Economics Association 77th Annual Conference, Undisclosed (2007)
  • What does Willingness-To-Pay Reveal About Hospital Market Power in Merger Cases?
    Gai, Y. What does Willingness-To-Pay Reveal About Hospital Market Power in Merger Cases? Babson College Research Chat, Wellesley, MA (2007)
  • Allocate Commercial Property for Small and Medium Business in Specific Crime Rate Area
    Gai, Y., Shen, M. Allocate Commercial Property for Small and Medium Business in Specific Crime Rate Area Eighth West Lake International Conference on Small and Medium Business, Undisclosed (2007)
  • What does Willingness-To-Pay Reveal About Hospital Market Power in Merger Cases?
    Gai, Y. What does Willingness-To-Pay Reveal About Hospital Market Power in Merger Cases? The DeVoe Moore Center Workshop, Tallahassee, FL (2006)
  • Reliability of New Empirical Models Measuring Hospital Market Power
    Gai, Y. Reliability of New Empirical Models Measuring Hospital Market Power Inaugural Conference of the American Society of Health Economists, Madison, Wisconsin (2006)
  • Government Health Expenditures and Health Outcomes
    Gai, Y. Government Health Expenditures and Health Outcomes Southern Economics Association 75th Annual Conference, Washington, DC (2005)