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About the Author(s)

Ariel Pakes

Ariel Pakes is the Thomas Professor of Economics in the Department of Economics at Harvard University and a research associate in the NBER's Programs on Productivity, Innovation, and Entrepreneurship, and Industrial Organization. He received the Frisch Medal of the Econometric Society in 1986. He was elected a fellow of that society in 1988, a fellow of the American Academy of Arts and Sciences in 2002, and a fellow of the National Academy of Sciences in 2017. He was the Distinguished Fellow of the Industrial Organization Society in 2007. He received the Jean-Jaques Laffont Prize in 2017 and the BBVA Foundation Frontiers of Knowledge Award in 2018.
Pakes' research focuses on developing methods for empirically analyzing market responses to environmental and policy changes. This includes the analysis of demand systems and price changes, productivity, and the evolution of markets over time. He also has developed techniques for constructing a more accurate Consumer Price Index. He and his co-authors have applied these tools to analysis of the automobile, electric utility, health care, and telecommunications equipment industries. Pakes has mentored more than 60 doctoral students, many of whom are now leading researchers. Much of his methodological research has been incorporated into the work of government agencies.

He is married with two children, a son-in-law, and a granddaughter. They all enjoy hiking, jazz, and watching the NBA.


1. S. Berry, J. Levinsohn, and A. Pakes, "Automobile Prices in Market Equilibrium: Part I and II," NBER Working Paper 4264, January 1993, and published as "Automobile Prices in Market Equilibrium," Econometrica, 1995, 63(4), pp. 841–90; S. Berry, J. Levinsohn, and A. Pakes, "Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market," NBER Working Paper 6481, March 1998, and Journal of Political Economy, 2004, 112(1), pp. 68–105.   Go to ⤴︎
2. G. S. Olley and A. Pakes, "The Dynamics of Productivity in the Telecommunications Equipment Industry," NBER Working Paper 3977, January 1992; and Econometrica, 1996, 64(6), pp. 1263–97.   Go to ⤴︎
3. R. Ericson and A. Pakes, "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," Review of Economic Studies, 1995, 62(1), pp. 53–82.   Go to ⤴︎
4. A. Pakes, "Methodological Issues in Analyzing Market Dynamics," NBER Working Paper 21999, February 2016.   Go to ⤴︎
5. C. Fershtman and A. Pakes, "Dynamic Games with Asymmetric Information: A Framework for Empirical Work," Quarterly Journal of Economics, 2012, 127(4), pp. 1611–61.   Go to ⤴︎
6. U. Doraszelski, G. Lewis, and A. Pakes, "Just Starting Out: Learning and Equilibrium in a New Market," NBER Working Paper 21996, February 2016.   Go to ⤴︎
7. G. Akerlof and J. Yellen, "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?" American Economic Review, 1985, 75(4), pp. 708–20. Go to ⤴︎

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