Senior Researcher, [ETLA Economic Research](https://www.etla.fi/en/) · [jaakko.markkanen@etla.fi](mailto:jaakko.markkanen@etla.fi) · [ORCID](https://orcid.org/0000-0002-4743-7790) · [Google Scholar](https://scholar.google.com/citations?user=S810psIAAAAJ)

## Education

- **Aalto University**, Helsinki — Doctor of Science (Economics and Business Administration), 2025
    - Dissertation: [*Industrial Organization Studies on Pharmaceutical Markets*](https://aaltodoc.aalto.fi/items/c381d13b-b5af-4323-b57e-8d9926638529). Advisor: Otto Toivanen.
- **Aalto University**, Helsinki — Master of Science (Economics and Business Administration), 2019

## Fields

Industrial Organization.

## Working experience

- **ETLA Economic Research**, Helsinki — Senior Researcher (Sep 2025–), Researcher (Aug 2024–Aug 2025)
- **University of California, Berkeley** — Visiting Researcher (Aug 2022–May 2023)

## Working papers

- [**Beggar-Thy-Neighbor by Other Means**](https://markkaj.github.io/pdfs/ETLA-Working-Papers-141.pdf) (with Markku Siikanen and Nelli Valmari). ETLA Working Papers 141, 2026.
- [**Free Entry and Social Inefficiency in Regulated Pharmacy Markets**](https://markkaj.github.io/pdfs/vatt-working-papers-172-free-entry-and-social-inefficiency-in-regulated-pharmacy-markets.pdf) (with Antto Jokelainen, Samuli Leppälä, Markku Siikanen, Matti Sipiläinen and Otto Toivanen). VATT Working Papers 172 / CEPR DP 20095, 2025. *Revise & Resubmit, AEJ: Microeconomics.*
- [**Passthrough of Retail Price Regulation in the Market for Pharmaceuticals**](https://markkaj.github.io/pdfs/ETLA-Working-Papers-123.pdf). ETLA Working Papers 123, 2024.
- [**The Effects of Price Regulation on Pharmaceutical Expenditure and Availability**](https://markkaj.github.io/pdfs/Discussion%20paper%2016.pdf) (with Mika Kortelainen, Markku Siikanen and Otto Toivanen). Helsinki GSE Discussion Papers 16 / CEPR DP 18497, 2023. *Revise & Resubmit (2nd round), Journal of the European Economic Association.*

## Ongoing research

- **Demand for Unemployment Insurance and Union Membership** (with Salla Kalin and Markku Siikanen).

## Grants

- **OP Group Research Foundation**, 2026
- **Alfred Kordelin Foundation** — personal grant, 2025
- **Yrjö Jahnsson Foundation**, 2025

## Programming skills

**Languages:** Python, Stata, R · **Technologies:** Git, LaTeX