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NIKLAS RUDHOLM CURRICULUM VITAE FEBRUARY 2010 Name: Niklas Rudholm Civil status: Single Date of Birth: March 12, 1971 Address and Telephone: Work: The Swedish Retail Institute (HUI) Regeringsgatan 60 SE - 103 29 STOCKHOLM, SWEDEN Phone: +46 (0)8 762 72 80 Dalarna University Department of Economics School of Economics and Social Sciences SE - 781 88 BORLÄNGE, SWEDEN Phone: +46 (0)70 625 46 27 Home: Tullgrindsvägen 11 SE 805 96 GÄVLE, SWEDEN Phone: 070-625 46 27 Education: M.Sc. ( Fil. Mag.) Umeå University, 1996. Ph.Lic. (Fil. Lic.) in Economics. Umeå University, 1999. Ph.D. (Fil. Dr.) in Economics. Umeå University, 2001. Associate Professor (Docent) in Economics, Umeå University, 2005. Full Professor (Professor) in Economics, Dalarna University, 2008. Academic positions: Ph. D-student (Doktorand), Umeå University, Department of Economics, Umeå, 1996-07-01 2001-06-30. Researcher (Forskare), Umeå University, Department of Economics, Umeå, 2001-07-01 2003-08-31. Honorary Fellow at the Robert Wood Johnson Health and Society Scholars Program, Madison, Wisconsin, 2003-09-01 2003-12-31. Researcher (Forskare), Umeå University, Department of Economics, Umeå, 2004-01-01-2005-06-30.

Lecturer (Lektor), University of Gävle, Department of Economics, Gävle, 2005-07-01-2008-02-28. Full Professor (Professor) in Economics, Dalarna University, Department of Economics, Borlänge, 2008-03-01-. Main Fields of Interest: Regional Economics Industrial Organization Health Economics Prizes/external funding: 1. My Ph.D. thesis The Swedish Pharmaceuticals Market Essays on Entry, Competition and Antibiotic Resistance was awarded the Wallander prize for post-doc research, 2002-2004 (Jan Wallander and Tom Hedelius Foundation). 2. The Swedish Retail Institute, Different research projects, 2005-3. The Swedish Competition Authority, Competition in the Swedish Pharmaceuticals Market, 2 year project 2007-2009. 4. HUR (Handelns Utvecklingsråd) Product Labelling in Swedish Retailing, 2 year project 2008-2009. 5. HUR (Handelns Utvecklingsråd), Which factors affect the development of the Swedish wholesale trade sector? 2 year project 2009-2011. 6. Confederation of Swedish Enterprise (Svenskt Näringsliv), Different research projects, 2009-7. The Swedish Competition Authority, Competition between Branded, Generic and Parallellimported Pharmaceuticals in the Swedish Pharmaceuticals Market, 3 year project 2009-2011. Teaching Experience: Each course is ¼ of a semester. Graduate teaching, Economics, Umeå University, Sweden: 1. Applied health economics, spring 2005 Undergraduate teaching, Economics, Umeå University, Sweden: 1. Industrial economics for the service industries, spring 1999. 2. Industrial economics for the service industries, spring 2000. 3. Industrial economics for the service industries, spring 2001. 4. Macroeconomics, autumn 2001. 5. Economic policy in open economies, autumn 2001.

6. Industrial economics for the service industries, spring 2002. 7. Industrial economics for the service industries, spring 2003. 8. Macroeconomics, spring 2004. 9. Economic policy in open economies, spring 2004. Undergraduate teaching, Economics, University of Gävle, Sweden: 1. Applied economic analysis, spring 2006 2. Applied economic analysis, autumn 2006 (50%) 3. Applied economic analysis, spring 2007 (50%) 4. Applied economic analysis, spring 2008 (50%) Undergraduate teaching, Economics, Nordic Retail College, Stockholm University, Sweden: 1. Introduction to economics, spring 2007 (50%) Undergraduate teaching, Economics, Dalarna University, Sweden: 1. Advanced microeconomics, spring 2009 (50%). 2. Applied market analysis, autumn 2009. (50%) 3. Advanced microeconomics, spring 2010 (50%). Teaching assistant, Economics, Umeå University, Sweden: 1. Macroeconomics, spring 1997. 2. Macroeconomics, autumn 1997. 3. Macroeconomics, spring 1998. 4. Macroeconomics, autumn 1998. 5. Macroeconomics, spring 2001. 1. Economic policy in open economies, spring 1997. 2. Economic policy in open economies, autumn 1997. 3. Economic policy in open economies, spring 1998. 4. Economic policy in open economies, autumn 1998. 5. Economic policy in open economies, spring 2001. Supervision: Graduate level: Supervisor: Jens Lundgren, PhD-candidate, Department of Economics, Umeå University, Sweden, 2005-. Co-supervisor: David Granlund, PhD, Defended his thesis 2007-06-08, Department of Economics, Umeå University, Sweden.

Linda Thunström, PhD, Defended her thesis 2008-06-04, Department of Economics, Umeå University, Sweden. Haishan Yu, PhD-candidate, Department of Economics, Dalarna University and SWEDGRAD, Sweden, 2008- Aili Tang, PhD-candidate, Department of Economics, Dalarna University and SWEDGRAD, Sweden, 2009- Undergraduate level: 10 Bachelor and Masters thesis, Economics, Umeå University, Sweden. 2 Bachelor thesis, Economics, University of Gävle, Sweden. 3 Masters thesis, Economics, Dalarna University, Sweden. Thesises: Ph. Lic. Thesis: Two Essays on Generic Competition in the Swedish Pharmaceuticals Market, Umeå Economic Studies no 485, 1999. Ph. D. Thesis: The Swedish Pharmaceuticals Market: Essays on Entry, Competition and Antibiotic Resistance, Umeå Economic Studies no 552, 2001. Publications: Peer-reviewed articles: 1. Entry and the Number of Firms in the Swedish Pharmaceuticals Market. Review of Industrial Organization, vol 19, 351-364, 2001. 2. The Impact of Generic Competition on Brand Name Market Shares - Evidence from Micro Data. (Together with Mats A. Bergman and Thomas Aronsson) Review of Industrial Organization, vol 19, 425-435, 2001. 3. Economic Implications of Antibiotic Resistance in a Global Economy. Journal of Health Economics, vol 21, 1071-1083, 2002. 4. Competition and Substitutability in the Swedish Pharmaceuticals Market. Applied Economics, vol 35, 1609-1617, 2003 5. The Relative Importance of Actual and Potential Competition: Empirical Evidence from the Pharmaceuticals Market. (Together with Mats A. Bergman) Journal of Industrial Economics, vol 51, 455-467, 2003. 6. Side Effects of Generic Competition? (Together with Jörgen Hellström) European Journal of Health Economics, vol 5, 203-208, 2004. 7. Approval Times and the Safety of New Pharmaceuticals. European Journal of Health Economics, vol 5, 345-350, 2004. 8. Pharmaceutical Insurance and the Demand for Prescription Pharmaceuticals in Västerbotten, Sweden. Scandinavian Journal of Public Health, vol 33, 50-56, 2005. 9. Peoples Preferences for Health Care Financing Options: A Choice Experiment in Rural Vietnam (Together with Thanh Xuan Nguyen, Curt Löfgren, Chuc Thi Kim Nguyen, Anders Emelin och Lars Lindholm), in The Injury Poverty Trap in Rural

Vietnam Causes, Consequences and Possible Solutions, Umeå University Medical Dissertations, New Series No. 990, 2005. 10. Fixed Budgets as a Cost Containment Measure for Pharmaceuticals (Together with David Granlund and Magnus Wikström) European Journal of Health Economics, vol 7, 37-45, 2006. 11. A Comparison of Population vs Individual Based Cardiovascular Disease Prevention Programs in Västerbotten, Sweden. Health Policy, vol 78, 70-76, 2006. 12. Does the Injury Poverty Trap Exist? A Longitudinal Study in Bavi, Vietnam. (Together with Thanh Xuan Nguyen, Hang Minh Hoang, Chuc Thi Kim Nguyen, Anders Emelin och Lars Lindholm) Health Policy, vol 78, 249-257, 2006. 13. Entry into Swedish Retail- and Wholesale Trade Markets. (Together with Sven-Olov Daunfeldt and Fredrik Bergström) Review of Industrial Organization, vol 29, 213-225, 2006. 14. Consumer Information and Pharmaceutical Prices: Theory and Evidence. (Together with David Granlund) in Economic Policy in Health Care: Sickness Absence and Pharmaceutical Costs, Umeå Economic Studies no 710, 2007. 15. Mergers and Economies of Scale: Volkswagen AG 1976-2000. ICFAI Journal of Mergers and Acquisitions, vol 4, iss 3, 79-90, 2007. 16. Multinational Electricity Market Integration and Electricity Price Dynamics. (Together with Jörgen Hellström and Jens Lundgren) Proceedings of the EEM 2008-5th International Conference on the European Electricity Market, 2008. 17. Entry of New Pharmacies in the Deregulated Norwegian Pharmaceuticals Market Consequences for Costs and Availability. Health Policy, vol 87, 258-263, 2008. 18. Advertising as a Signaling Device: Simulated Maximum Likelihood Estimation of a Multiple Random Effects Count Data Model. (Together with Jörgen Hellström) Economics Letters, vol 101, 227-229, 2008. 19. Road Pricing and Retail Revenues: Results from the Stockholm Road Pricing Trial. (Together with Sven-Olov Daunfeldt and Ulf Rämme) Transportation Research A, 43, 306-309, 2009. 20. Using Revenues as a Proxy for Profits: A Cautionary Note. (Together with Sven-Olov Daunfeldt) Applied Economics Letters, 16, 679-681, 2009. 21. Market Power in the Expanding Nordic Power Market. (Together with Mikael Bask and Jens Lundgren), HUI Working Paper no. 9, 2007. Forthcoming in Applied Economics. 22. Uncertainty in the Generic Versus Brand Name Prescription Decision (Together with Jörgen Hellström). Umeå Economic Studies No. 622, 2003. Forthcoming in Empirical Economics. 23. Do High Taxes Lock-in Capital Gains? Evidence from a Flat Rate Tax System. (Together with Sven-Olov Daunfeldt and Ulrika Praski-Ståhlgren). HUI Working Paper no. 6, 2007. Forthcoming in Public Choice. Working Papers/Manuscripts: 24. Opening Local Retail Food Stores: A Real-Options Approach (Together with Sven- Olov Daunfeldt and Matilda Orth), Working paper in Economics no. 170, 2005 Göteborg University. Submitted to Journal of Industry, Competition and Trade. 25. Does Competition Increase Efficiency in Swedish County Councils? (Together with Per-Olov Marklund and Arvid Nordmark), Umeå Economic Studies No. 703, 2007. Submitted to The Open Pharmacoeconomics & Health Economics Journal.

26. Consumer Loyalty in the Swedish Pharmaceuticals Market. (Together with David Granlund) HUI Working Paper no. 17, 2008. Submitted to Review of Industrial Organization. 27. Does the Quality of Store Brands Affect the Number of National Brand Suppliers? (Together with Sven-Olov Daunfeldt and Matilda Orth) HUI Working Paper no. 18, 2008. Submitted to Journal of Retailing and Consumer Services. 28. Congestion Charges in Stockholm: How Have They Affected Retail Revenues? (Together with Sven-Olov Daunfeldt and Ulf Rämme), HUI Working Paper no. 23, 2009. Submitted to Journal of Transport Economics and Policy. 29. The Effects of Regional Investment Grants on Firm Performance. (Together with Mattias Ankarhem, Sven-Olov Daunfeldt and Shahiduzzaman Quoreshi) Mimeo, Dalarna University. HUI Working Paper no. 24, 2009. Submitted to Finnish Economic Papers. 30. Does Increased Price Competition Affect Entry of New Pharmaceutical Products? (Together with David Granlund) HUI Working Paper no. 26, 2009. 31. Central Bank Independence Reforms and Price Stability in Transition Economies. (Together with Sven-Olov Daunfeldt, David Granlund and Mats Landström) Mimeo, Dalarna University. 32. Point-of-Purchase Labeling of Organic Products: Results from a Natural Experiment. (Together with Sven-Olov Daunfeldt) Mimeo, Dalarna University. 33. Coffee Competition: Does Store Brand Competition Affect Brand Name Market Shares? (Together with Sven-Olov Daunfeldt and Linda Schollenberg) Mimeo, Dalarna University. 34. Gender Equality and Profitability in Swedish Firms, (Together with Sven-Olov Daunfeldt and Erika Rosén) Mimeo, Dalarna University. Other Publications/Unpublished reports: 35. Sänkta priser med referensprissystemet / Lower prices with the reference price system. (Together with Mats A. Bergman and Thomas Aronsson), Läkartidningen, vol 95, 2715-2717, 1998. 36. Generikakonkurrens på den svenska läkemedelsmarknaden / Generic competition in the Swedish pharmaceuticals market. (Together with Mats A. Bergman), Ekonomisk Debatt, vol 27, 425-431, 1999. 37. Könsbias i examinationen fakta eller fiktion? / Gender bias in student exams fact of fiction?, i Tänk efter, tänk nytt, tänk om - Konferensrapport, Universitetspedagogiska konferensen, Universitetspedagogiskt centrum, Umeå Universitet, 2005. 38. Läkemedelsdistributionen i Finland, Norge och Sverige en analys av detaljistledet / Pharmaceutical distribution in Finland, Norge and Sverige an analysis at the retail trade level, Konkurrensverkets uppdragsforskningsserie: 2005:1. 39. Varför blev Ockelbo Årets Företagarkommun 2004? / Why did Ockelbo become the best municipality for entrepenourship 2004? (Together with Sven-Olov Daunfeldt), University of Gävle, 2005. 40. Effektutvärdering av det regionala utvecklingsbidraget / Economic effects of regional investment grants.(together with Mattias Ankarhem and Shahiduzzaman Quoreshi), ITPS, A2007:016, 2007.

41. Times they are a Changing: What s New in the Swedish Retail Trade Market? (Together with Fredrik Bergström and Sven-Olov Daunfeldt) European Retail Digest, Issue 52, Winter 2006/07, 37-39. 42. Comment to the Office of Health Economics, London, Great Britain on The Pharmaceutical Price Regulation Scheme An OFT Market Study, University of Gävle, 2007. 43. Den regelreformerade svenska läkemedelsmarknaden / The reformed Swedish pharmaceuticals market. (Together with Fredrik Bergström and Jessica Lindblom), Handelns Utredningsinstitut, 2007. 44. Är trängselskatt ett hot mot detaljhandeln i Stockholms innerstad/ The impact of the Stockholm road pricing trial on retailing in the Stockholm region. (Together with Ulf Rämme and Michael Cronholm), Handelns Utredningsinstitut, 2007. 45. Ökad efterfrågeflexibilitet nödvändig för en fullständigt avreglerad elproduktionsmarknad/increased demand flexibility necissary for a fully deregulated power production market. (Together with Henrik Gåverud and Jens Lundgren), Handelns Utredningsinstitut, 2009. Forthcoming in Ekonomisk Debatt. 46. Leder högre skatter på kapitalvinster till inlåsningseffekter?/ Do High Taxes Lock-in Capital Gains? (Together with Sven-Olov Daunfeldt), Handelns Utredningsinstitut, 2009. Forthcoming in Ekonomisk Debatt. Book Reviews: 47. Battling Resistance to Antibiotics and Pesticides: An Economic Approach, Ramanan Laxminarayan, editor. Environment International, vol 29, Iss 8, 1105, 2004. Editorial assignment: Editorial Advisory Board Member to the Open Pharmacoeconomics and Health Economics Journal. 2008 -. Journal Referee: Scandinavian Journal of Economics, International Journal of Industrial Organization, Scandinavian Journal of Public Health, Review of Industrial Organization, Expert Review of Anti-infective Therapy, Social Science and Medicine, Health Policy, Health Economics, Applied Economics, Journal of Health Economics, Energy Policy. Conferences and Workshops: 1. Workshop in Industrial Organization, Stockholm School of Economics, Stockholm, Sweden, June 16 June 17, 1997. 2. 24 th Annual Conference of the European Association for Research in Industrial Economics, Leuven, Belgium, August 31 September 3, 1997. 3. Workshop in Pharmaceutical Pricing and Generic Competition, National Social Insurance Board, Stockholm, Sweden, January 8, 2002.

4. Wisconsin Public Health & Health Promotion Annual Conference, Madison, WI, USA, October 2 October 3, 2003. 5. 3 rd International Conference on Health Economics, Management and Policy, Athens, Greece, June 3- June 5, 2004 6. Universitetspedagogiska konferensen, Umeå University, Umeå, Sweden, March 2- March 3, 2005. 7. Nordic Workshop in Industrial Organization, NORIO, Reykjavik, Iceland, June 3 June 4, 2005. 8. European Economic Association Congress, Amsterdam, The Netherlands, August 24 August 27, 2005. 9. American Society of Health Economists Inaugural Conference, Madison, WI, USA, June 4 June 7, 2006. 10. Advances in the Empirical Analysis of Retailing, Berlin, Germany, September 8 September 9, 2006. 11. Research in Retailing, The Swedish Retail Institute, Stockholm, Sweden, January 18 January 19, 2007. 12. XXI Annual Conference of the European Society for Population Economics, Chicago, IL, USA, June 14 June 16, 2007. 13. 63 rd Congress of the International Institute of Public Economics, Warwick, United Kingdom, August 27 August 30, 2007. 14. 5 th International Conference on the European Electricity Market, Lisbon, Portugal, May 28 May 30, 2008. 15. Transportforum, Linköping, Sverige, January 13 January 14, 2010. 16. The demand for eco-labelled products, The Swedish Retail Institute, Stockholm, Sweden, January 14 January 15, 2010. Other external activities: Invited to appear on radio to speak about competition and pharmaceutical prices in the Swedish pharmaceuticals market, SR Västerbotten, March 2001. Invited to appear on television to talk about the effects of deregulations in Sweden during the 1990s, SVT Västerbotten, January 2005. Invited to appear on television to talk about the effects of the deregulation of the Norwegian pharmaceuticals market, SVT 24, May 2005.

Invited guest researcher, Göteborg University, 2006-04-01-2006-04-30. Interviewed about the possible effects of deregulating the German pharmaceuticals market, Financial Times Deutschland, December 28, 2006. Interviewed about the possible effects of deregulating the Swedish pharmaceuticals market, Dagens Nyheter, Läkemedelsvärlden, Dagens Handel among others, September 26, 2007. Interviewed about the effects of the deregulation of the pharmaceutical markets in Norway and Iceland, Dagens Nyheter, November 10, 2009. Interviewed about the deregulation of the Swedish pharmaceutical market, SR P1, January 18, 2010. Other merits/positions Member of the leading committee (ledningsgruppen) for the service management program, Umeå University, 1999 2003. Working environment representative (arbetsmiljöombud), Department of Economics, Umeå University, 2000 2005. Chairman of the research group in economics, University of Gävle, 2005-2008. Advisor in health economics, County Council of Gävleborg, 2006-2007. Member of the grading committee for Daniel Novak s PhD thesis, Department of Public Health and Clinical Medicine, Umeå University, Sweden, March 2006. Webmaster, Division of Economics, University of Gävle, 2007-2008. Expert reviewer for a position as lecturer (lektor) at the Department of Public Health and Clinical Medicine, Umeå University, Sweden, August 2007. Member of the grading committee for Linda Wårell s PhD thesis, Department of Economics, Luleå University, Sweden, October 2007. Member of the grading committee for Jema Haji s PhD thesis, Department of Economics, Swedish University of Agricultural Sciences, Sweden, April 2008. Chairman of the research group in regional science (regionala förändringsprocesser), Dalarna University, 2008 -. Information about the research group can be found at www.du.se. At present, five professors, three associate professors, fifteen researchers and ten PhD-students are active in this research group. Head of the division of economics, Dalarna University, 2008-. Member of the grading committee for Mikael Humavindu s PhD thesis, Department of Economics, Umeå University, Sweden, September 2008.

Research Director, The Swedish Retail Institute (HUI), 2009 -. Information about the research conducted at the Swedish Retail Institute can be found at www.hui.se. Member of the grading committee for Lena Birkelöv s PhD thesis, Department of Economics, Umeå University, Sweden, January 2010. References: Professor Thomas Aronsson Professor Karl-Gustaf Löfgren Department of Economics University of Umeå SE - 901 87 UMEÅ Department of Economics University of Umeå SE - 901 87 UMEÅ