Alejandro Medina Sandín
PhD Candidate in Economics and Finance, University of Verona
About
I am a PhD Candidate in Economics and Finance at the University of Verona, advised by Paolo Pertile. My research lies at the intersection of empirical industrial organization and competition policy, with a focus on pharmaceutical markets and antitrust. I use structural econometric methods to study how firm conduct — pay-for-delay settlements, mergers, cartels, and generic entry — shapes prices, market structure, and consumer welfare.
My job market paper quantifies the consumer harm from a pay-for-delay agreement in the U.S. Testosterone Replacement Therapy market. My broader agenda examines the "generic paradox" across therapeutic classes, whether merger divestitures can undo cartel damage, and how large language models are beginning to reshape market concentration. I was a Visiting Scholar at the University of Mannheim and interned in the European Competition practice of Berkeley Research Group in Brussels. My research has been recognized with the Lear Competition Festival Young Talent Award (2025) and the URV Innova Award (2026).
Research Fields
Primary
Empirical Industrial Organization
Competition Policy and Antitrust
Secondary
Structural Econometrics
AI Applied to Economics
Job Market Paper
Pay for Delay: Preventing Competition in Pharmaceutical Markets
Quantifying the consumer harm from a pay-for-delay settlement that delayed generic entry into the U.S. Testosterone Replacement Therapy market (AndroGel®), 2006–2015.