S Berry, J Levinsohn… - Econometrica: Journal of the Econometric …, 1995 - JSTOR
This paper develops techniques for empirically analyzing demand and supply in
differentiated products markets and then applies these techniques to analyze equilibrium in
the US automobile industry. Our primary goal is to present a framework which enables ...
GS Olley… - 1992 - nber.org
Technological change and deregulation have caused a major restructuring of the
telecommunications equipment industry over the last two decades. We estimate the
parameters of a production function for the equipment industry and then use those ...
R Ericson… - The Review of Economic Studies, 1995 - restud.oxfordjournals.org
Abstract This paper provides a model of firm and industry dynamics that allows for entry, exit
and firm-specific uncertainty generating variability in the fortunes of firms. It focuses on the
impact of uncertainty arising from investment in research and exploration-type processes. ...
A Pakes… - Econometrica: Journal of the Econometric Society, 1989 - JSTOR
A general central limit theorem is proved for estimators defined by minimization of the length
of a vector-valued, random criterion function. No smoothness assumptions are imposed on
the criterion function, in order that the results might apply to a broad class of simulation ...
A Pakes - 1986 - nber.org
In many countries holders of patents must pay an annual renewal fee in order to keep their
patents in force. This paper uses data on the proportion of patents renewed, and the renewal
fees faced by, post World War II cohorts of patents in France, the United Kingdom, and ...
A Pakes… - 1980 - nber.org
This is a first report from a larger study of inventive activity of US firms and some of its
consequences. It reports on the relationship between patents applied for and R&D
expenditures based on data for 121 large corporations covering the 1968-1975 period. ...
A Pakes… - 1989 - nber.org
This paper considers two models for analyzing the dynamics of firm behavior that allow for
heterogeneity among firms, idiosyncratic (or firm specific) sources of uncertainty, and
discrete outcomes (exit and/or entry). Models with these characteristics are needed for the ...
M Schankerman… - 1987 - nber.org
This paper examines the distribution of the values of patent rights in the United Kingdom,
France, and Germany during the post-1950 period. These values are inferred from the
behavior of patentees with respect to payment of renewal fees on their patents. A simple ...
A Pakes - 1985 - nber.org
The purpose of this paper is to present and estimate a model which allows one to use the
recently computerized US Patent Office's data base to identify when and where changes in
inventive output have occurred. The model assumes a firm which chooses a research ...
A Pakes… - 1984 - nber.org
The recent interest of economists in knowledge-producing activities has two main strands.
The first is an attempt to explain the growth in the measured productivity of traditional factors
of production by incorporating research resources in production function and social ...
A Pakes… - 1992 - nber.org
This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and
Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and
idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ...
RE Caves, MD Whinston, MA Hurwitz… - Brookings papers on …, 1991 - JSTOR
THE ETHICAL PHARMACEUTICAL industry is an important one, not so much for its
economic size as for the benefits that it delivers to users of its products. The industry has
been transformed structurally since the 1940s from a producer of selected chemicals to a ...
JO Lanjouw, A Pakes… - The Journal of Industrial …, 1998 - Wiley Online Library
2. Abstract Patent counts are very imperfect measures of innovative output. This paper
discusses how additional data—the number of years a patent is renewed and the number of
countries in which protection for the same invention is sought—can be used to improve on ...
S Berry, J Levinsohn… - 1998 - nber.org
In this paper, we exploit new sources of cross-sectional data to estimate a detailed product-
level demand system for new passenger vehicles. We use four data sources: on the
characteristics of products, on the attributes of the US population of households, on the ...
JA Hausman, A Pakes… - Brookings papers on economic …, 1997 - JSTOR
THIS PAPER DEALS with how to value the introduction of new services in
telecommunications. Much public discussion has centered on the evolving" information
superhighway" as well as on the many new services that may be offered as high-capacity ...
A Pakes - 2002 - nber.org
This paper provides a justification for hedonic price indices and details the properties of
hedonic price functions. The analysis is done in a market setting in which a finite number of
goods, each defined by its characteristics, interact. We note that proper hedonic indices ...
This paper considers the problem of estimating the distribution of payoffs in a discrete
dynamic game, focusing on models where the goal is to learn about the distribution of firms'
entry and exit costs. The idea is to begin with non parametric first stage estimates of entry ...
D Ackerberg, C Lanier Benkard,
S Berry… - Handbook of …, 2007 - Elsevier
Abstract This paper outlines recently developed techniques for estimating the primitives
needed to empirically analyze equilibrium interactions and their implications in oligopolistic
markets. It is divided into an introduction and three sections; a section on estimating ...
Z Griliches, A Pakes… - 1988 - nber.org
This paper summarizes a number of studies which use patent data to examine different
aspects of technological change. It describes our firm level data set construction effort;
reports on the relationship between RLD expenditures and the level of patenting; ...
A Pakes - Advances in Econometrics: Sixth World Congress, 1994 - books.google.com
This chapter reviews dynamic structural econometric models with both continuous and
discrete controls, and those with market interactions. Its goal is to highlight techniques which
enable researchers to obtain estimates of the parameters of models with these ...
S Berry, J Levinsohn… - American Economic Review, 1999 - JSTOR
We evaluate the voluntary export restraint (VER) that was initially placed on exports of
automobiles from Japan in 1981. We evaluate the impact this policy had on US consumer
welfare, firm profits, and forgone tariff revenue from its initiation through 1990.
A Pakes… - Econometrica, 2001 - Wiley Online Library
2. Abstract This paper introduces a stochastic algorithm for computing symmetric Markov
perfect equilibria. The algorithm computes equilibrium policy and value functions, and
generates a transition kernel for the (stochastic) evolution of the state of the system. It has ...
Z Griliches, BH Hall… - Economics of Innovation and New …, 1991 - Taylor & Francis
It is known that innovations in the market value of manufacturing firms and their R&D
expenditures are related (Pakes 1985, Mairesse and Siu 1984). This could be due to shifts
in the demand for the output of a particular firm, to shifts in the technological opportunities ...
C Fershtman, A Pakes - 1999 - nber.org
Most of the theoretical work on collusion and price wars assumes identical firms and an
unchanging environment, assumptions which are at odds with what we know about most
industries. Further that literature focuses on the impact of collusion on prices. Whether an ...
A Pakes… - Journal of Labor Economics, 1983 - JSTOR
This paper considers the problem of hiring scientists for research and development projects
when one takes explicit account of the fact that the scientist may be able to use the
information acquired during the project in a rival enterprise. Management's problem is to ...
A Pakes, M Simpson, K Judd… - Brookings papers on economic …, 1989 - JSTOR
IN MANY COUNTRIES, including recently the United States, holders of patents must pay a
renewal fee to keep their patents in force. If that fee is not paid in any one year, the patent is
permanently canceled. Assuming that renewal decisions are based on economic criteria, ...
A Pakes… - 1984 - nber.org
In this paper, we investigate the problem of estimating distributed lags in short panels.
Estimates of the parameter of distributed lag relationships based on single time-series of
observations have been usually rather imprecise. The promise of panel data is in the N ...
U Doraszelski… - Handbook of industrial organization, 2007 - Elsevier
This paper reviews a framework for numerically analyzing dynamic interactions in
imperfectly competitive industries. The framework dates back to Ericson and Pakes [1995.
Review of Economic Studies 62, 53–82], but it is based on equilibrium notions that had ...
R Ericson… - 1989 - 128.36.236.35
ABSTRACT This paper provides a model of firm and industry dynamics that allows for entry,
exit and firm—specific uncertainty generating variability in the fortunes of firms. It focuses on
the impact of uncertainty arising from investment in research and exploration—type ...
S Berry, A Pakes - The American Economic Review, 1993 - JSTOR
In this paper we discuss some recent advances in the empirical study of markets, with an
emphasis on current and potential applications to the study of mergers. As in Pakes et
al.(1993), for reasons of space and comparative advantage, the discussion is highly ...
A Pakes… - 1984 - nber.org
This paper explores the economic factors that determine the distribution of research effort
across firms. Our main objectives are to provide a general framework for analyzing the
demand for research by private firms and to document empirically certain stylized facts ...
S Berry, A Pakes - International Economic Review, 2007 - Wiley Online Library
In this article, we consider a class of discrete choice models in which consumers care about
a finite set of product characteristics. These models have been used extensively in the
theoretical literature on product differentiation and the goal of this article is to translate ...
S Berry, OB Linton… - Review of Economic Studies, 2004 - Wiley Online Library
We provide an asymptotic distribution theory for a class of generalized method of moments
estimators that arise in the study of differentiated product markets when the number of
observations is associated with the number of products within a given market. We allow for ...
A Pakes,
S Berry… - The American Economic Review, 1993 - JSTOR
Our purpose is to illustrate how recent developments in empirical industrial organization (10)
can help analyze some traditional descriptive and policy issues. A combination of space
constraints and our own familiarity with the topics has led us to focus on recent ...
A Pakes… - Journal of Econometrics, 1995 - Elsevier
We consider an econometric model based on a set of moment conditions which are indexed
by both a finite-dimensional vector of interest, θ, and an infinite-dimensional parameter, h,
which in turn depends upon both θ and another infinite-dimensional parameter, τ. The ...
Abstract In this paper we consider estimation of a class of discrete choice models in which
consumers care about a nite set of product characteristics. These models have been used
extensively in the theoretical literature on product dierentiation, but have not as yet been ...
FA Wolak, GR Faulhaber… - Brookings Papers on Economic …, 1996 - JSTOR
THE TELECOMMUNICATIONS ACT of 1996 defines a regulatory framework for increasing
the intensity of competition in all aspects of telecommunications supply. The act requires all
regional Bell operating companies (RBOCs) to provide interconnection, unbundled ...
S Berry, S Kortum… - Proceedings of the National …, 1996 - National Acad Sciences
This paper focuses on how changes in the economic and regulatory environment have
affected production costs and product characteristics in the automobile industry. We estimate
“hedonic cost functions” that relate product-level costs to their characteristics. Then we ...
A Pakes - International Economic Review, 1982 - JSTOR
The problem of estimating the errors-in-variables model has a long history in statistics (for
reviews see Madansky [1959], and Moran [1971]) and has received increasing attention
from econometricians, with the growing realization that many of the'independent'variables ...
S Berry, J Levinsohn… - 1995 - nber.org
In May, 1981, a voluntary export restraint (VER) was placed on exports of automobiles from
Japan to the United States. As trade policies go, this one was important. At about the same
time, though to much less fanfare, international trade theorists were obtaining (then) ...
A Pakes - Econometrica, 2010 - Wiley Online Library
This paper is a revised version of part of my Fisher–Schultz Lecture presented at the World
Congress of the Econometric Society in London, August 2005. The paper draws extensively
from past interactions with my students and co-authors, and I would like to take this ...
A Pakes - 2008 - nber.org
This paper reviews recent methodological developments in the empirical analysis of
imperfectly competitive markets highlighting outstanding problems. Some of these problems
are econometric; eg the need for a deeper understanding of the small sample properties ...
A Pakes - The Review of Economics and Statistics, 1983 - JSTOR
This paper is concerned with differences between micro and macro estimates of response
parameters when the true structural model does not differ over members of the population. In
this context I consider two types of specification error. The first is omitted variables with ...
A Pakes - The Rand Journal of Economics, 1987 - JSTOR
* What determines profitability differences among firms? In Profits in the Long Run, Mueller
uses a measure of persistent, or long-run, interfirm differences in profitability, obtained by
estimating a separate time-series model for each firm, to reexamine this question. His ...
A Pakes - 2003 - nber.org
This paper is a revised version of a keynote address delivered at the inaugural International
Industrial Organization Conference in Boston, April 2003. I argue that new econometric tools
have facilitated the estimation of models with realistic theoretical underpinnings, and ...
S Berry, A Pakes - Manuscript, Yale University, 2000 - econ.yale.edu
This note introduces an estimation technique based on the optimality conditions from
dynamic models. The technique has at least two virtues; i) it is easy to implement, and ii) it is
logically consistent with the underlying model (and hence can be used to analyze the ...
S Berry, A Pakes - 2002 - economics.harvard.edu
Abstract In this paper we consider a class of discrete choice models in which consumers
care about a finite set of product characteristics. These models have been used extensively
in the theoretical literature on product differentiation and the goal of this paper is to ...
T Erickson… - 2008 - nber.org
Until recently the Consumer Price Index consisted solely of" matched model" component
indexes. The latter are constructed by BLS personnel who visit stores and compare prices of
goods with the same set of characteristics over successive periods. This procedure is ...
[CITATION] The asymptotic distribution of simulation experiments
A Pakes… - Econometrica, 1989
This paper builds on a chapter by the same authors entitled" Evidence of Underemployment
of Labor and Capital in Indian Manufacturing" included in the World Bank South Asia Region
report Accelerating Growth and Job Creation in South Asia. The findings expressed in this ...
B Eden, A Pakes - The Review of Economic Studies, 1981 - JSTOR
The purpose of this paper is to introduce a measure of the uncertainty in different earnings
paths. The measure we propose has two desirable properties. First, given appropriate data,
it is relatively easy to estimate. Second, under the assumptions of the life-cycle permanent ...
[CITATION] pAutomobile Prices in Market Equilibrium, qEconometrica
S Berry, J Levinsohn… - 1995 - July
C Fershtman, A Pakes - CEPR Discussion Paper No. 5024, 2005 - papers.ssrn.com
Abstract: We present a framework for the applied analysis of dynamic games with
asymmetric information. The framework consists of a definition of equilibrium, and an
algorithm to compute it. Our definition of Applied Markov Perfect equilibrium is an ...
[CITATION] Hall, 1987, The value of patents as indicators of inventive activity
Z Griliches, A Pakes… - Economic policy and … - Cambridge: Cambridge University …
A Pakes - Annales d'Économie et de Statistique, 2005 - JSTOR
The paper begins by explaining the rational for the use of hedonic price indexes. It then
reviews the problems that in the past have been associated with incorporating hedonics in
the Consumer Price Index. The paper shows that many of those problems can now be ...
[CITATION] The estimation of dynamic structural models: Problems and prospects, part II. Mixed continuous-discrete control models and market interactions
A Pakes - Advances in Econometrics: Proceedings of the 6th …, 1994
S Berry, J Levinsohn… - 1996 - nber.org
This paper develops new techniques for empirically analyzing demand and supply in
differentiated products markets and then applies these techniques to analyze equilibrium in
the US automobile industry. Our primary goal is to present a framework which enables ...
[CITATION] The pure characteristics discrete choice model of differentiated products demand
S Berry, A Pakes - Harvard, unpublished, 2002
A Pakes… - 1982 - nber.org
This paper considers the problem of hiring scientists for research and development projects
when one takes explicit account of the fact that the scientist may be able to use the
information acquired during the project in a rival enterprise. Management's problem is to ...
M Schankerman… - Revue economique, 1985 - JSTOR
Cette étude est une tentative pour estimer le taux d'obsolescence des revenus rapportés par
un brevet, ainsi que la distribution de ces revenus. Les estimations sont fondées sur un
modèle simple de renouvellement des brevets et sur deux ensembles de données: le ...
[CITATION] Estimation from the First Order Conditions for Dynamic Controls
S Berry, A Pakes - Department of Economics, Yale University, 2000
[CITATION] Some Notes on Hedonic Price Indices, With an Application to PC's
A Pakes - Harvard University, unpublished, 2001
S Berry, A Pakes - Economics Letters, 2001 - Elsevier
In a recent paper in this journal [Econ. Lett. 68 (2000) 113], Wojcik argues that the nested
logit “is likely to be superior” to demand specifications we and others have used in recent
empirical work. We review the relevant models and their uses, consider her application, ...
S Berry, J Levinsohn… - Work. pap., Dept. of Econ., Yale …, 1998 - Citeseer
Abstract In this paper, we exploit new sources of data to estimate a detailed product-level
demand system for new passenger vehicles. We use three data sources: on products, on the
US population of households and on the match between households and product choices. ...
[CITATION] Economic incentives in the production and transmission of knowledge: An empirical analysis
AS Pakes - 1978 - Harvard University
A Pakes, B Hall - 2001 - papers.ssrn.com
Abstract: This paper summarizes a number of studies which use patent data to examine
different aspects of technological change. It describes our firm level data set construction
effort; reports on the relationship between RLD expenditures and the level of patenting; ...
LJ Kotlikoff… - 1989 - nber.org
In neoclassical models of consumption choice under earnings uncertainty changes in
consumption programs from one period to the next are determined by new information
received about future earnings over the period. This proposition suggests testing the ...
[CITATION] VA Framework for Applied Dynamic Analysis in IO, V Handbook of Industrial Organization 3
U Doraszelski… - 1887 - North'Holland, Amsterdam
Z Griliches… - 1980 - nber.org
In this paper, we investigate the problem of estimating distributed lags in short panels.
Estimates of the parameter of distributed lag relationships based on single time-series of
observations have been usually rather imprecise. The promise of panel data in this ...
[CITATION] Evolution of Brand Qualities of Consumer Electronics in the US
S Das, S Olley… - 1994 - mimeo
LJ Kotlikoff… - NBER working paper no, 1984 - annales.ensae.fr
ABSTRACT.-In neoclassical models of consumption choice under earnings uncertainty
changes in consumption programs from one period to the next are determined by new
information received about future earnings over the period. This proposition suggests that ...
[CITATION] New Goods, Hedonics, and Price Indices; With an Application to PCs
A Pakes - 2001 - Mimeo
[CITATION] Econometric Tools for Analyzing Market Outcomes, volume 6, chapter Handbook of Econometrics
D Ackerberg, L Benkard,
S Berry… - James Heckman and Edward Leamer, 2007
Z Griliches, BH Hall… - 1991 - nber.org
It is known that innovations in the market value of manufacturing firms and their RhD
expenditures are related (Pakes (1985) and Mairesse and Siu (1984)). This could be due to
shifts in the demand for the output of a particular firm, to shifts in the technological ...
[CITATION] Dynamic Behavioral Responses in Longitudinal Data Sets: Productivity in Telecommunications Equipment Industry
S Olley… - 1996 - Working Paper
[CITATION] An alternative theory of firm dynamics
R Ericson… - Columbia University, New York, NY Processed, 1987
[CITATION] An Alternative Model, of Industry and Firm Dynamics
R Ericsson… - Woking Paper, 1990
[CITATION] An alternative theory of firm dynamics
A Pakes… - Department of Economics, Columbia University, 1987
RS Lee… - Economics Letters, 2009 - Elsevier
We explore two complementary approaches to counterfactual analysis in an empirical ATM
network example with multiple equilibria. First we simply enumerate and compare the
possible equilibria. Second, we examine how different learning algorithms select among ...
A Pakes… - Proceedings of the National …, 1996 - National Acad Sciences
Systematic study of technology change by economists and other social scientists began
largely during the 1950s, emerging out of a concern with improving our quantitative
knowledge of the sources of economic growth. The early work was directed at identifying ...
J Putnam, JO Lanjouw… - Journal of industrial …, 1998 - dialnet.unirioja.es
... How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and
Application Data. Autores: Jonathan Putnam, Jean O. Lanjouw, Ariel Pakes; Localización: Journal
of industrial economics, ISSN 0022-1821, Vol. 46, Nº 4, 1998 , págs. 405-432. ...
[CITATION] Econometric tools for analyzing market outcomes, forthcoming in Handbook of Econometrics
D Ackerberg, L Benkard, S Berry… - 2007 - Volume
[CITATION] The Market for TVs
S Das, GS Olley… - 1995 - Technical Report, Yale Univeristy
[CITATION] How to Count Patents and Value
JO Lanjouw, A Pakes… - 1998
D Ackerberg, C Lanier Benkard… - Handbook of …, 2007 - en.scientificcommons.org
Abstract This paper outlines recently developed techniques for estimating the primitives
needed to empirically analyze equilibrium interactions and their implications in oligopolistic
markets. It is divided into an introduction and three sections; a section on estimating ...
[CITATION] nVoluntary Export Restraints on Automobiles
S Berry, J Levinsohn… - Evaluating a Trade Policy. oAmerican Economic …, 1999
[CITATION] forthcoming,“Empirical Implications of Alternative Models of Firm Dynamics”
A Pakes… - Journal of Economic Theory
[CITATION] The Method of Moments with Inequality Constraints
A Pakes, J Porter, K Ho… - 2004 - Working Paper, Harvard University
A Pakes - Journal of Applied Econometrics, 2000 - Wiley Online Library
... Obituary. Zvi Griliches 1930–1999 †. ARIEL PAKES. Article first published online: 29 DEC 2000. ...
Get PDF (40K). No abstract is available for this article. Get PDF (40K). More content like this. Find
more content: like this article. Find more content written by: ARIEL PAKES. ...
[CITATION] Automobile Prices in
S Berry, T Levinsohn, L James… - 1995
[CITATION] Two Estimators for the Parameters of Discrete Dynamic Games with Entry/Exit Examples
A Pakes,
S Berry - 2002 - working paper, Harvard University …
[CITATION] Empirical Implications of Alternative Models of Firms Dynamics
P Ariel… - Journal of Economic Theory, 1998
[CITATION] Differentiated products demand systems from a combination of micro and macro data: The new car market.(1337), February 2003
S Berry, J Levinsohn…
[CITATION] Econometric Tools for Analyzing Market Outcomes, Ch. 63 in Handbook of Econometrics, Volume 6A, James Heckman and Edward Leamer
D Ackerberg, CL Benkard, S Berry… - 2007 - North-Holland, Amsterdam
[CITATION] Hall,(1987),“The Value of Patents as Indicators of Inventive Activity,”
A Pakes, H Bronwyn - Economic Policy and Technological Performance, ed. …
[CITATION] Evidence of Underemployment of Labour and Capital in Indian Manufacturing
A Fernandes, A Pakes - 2008 - … Growth and Job Creation in South …
C Fershtman, A Pakes - 2010 - faculty.chicagobooth.edu
Abstract We develop a framework for the analysis of dynamic oligopolies with persistant
sources of asymmetric information that enables applied analysis of situations of empirical
importance that have been difficult to deal with. The framework generates policies which ...
A Pakes - NBER Working Paper No. t0004, 1980 - papers.ssrn.com
Abstract: In this paper, we investigate the problem of estimating distributed lags in short
panels. Estimates of the parameter of distributed lag relationships based on single time-
series of observations have been usually rather imprecise. The promise of panel data in ...
[CITATION] Estimating the Pure Characteristics Discrete Choice Model
ST Berry… - 2000 - Yale University, Discussion paper
[CITATION] An alternative model of firm dynamics.'
R Ericson… - Unpublished manuscript, Columbia University, 1987
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