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Ariel Pakes

FRONTIERS OF KNOWLEDGE LAUREATE

Economics Finance and Management

The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes, in this tenth edition, to Timothy Bresnahan, Ariel Pakes and Robert Porter for founding and shaping the field of empirical industrial organization, a branch of economics that has developed fundamental techniques to measure market power (understood as the ability of a firm to control prices in a given industry). “Motivated by important and policy-relevant questions in applied economics,” remarks the jury in its citation, “they developed methodologies that had a significant and long-lasting impact on subsequent work in industrial organization as well as other applied fields.”

BIO

Ariel Pakes (Edmonton, Canada, 1949) graduated from the Hebrew University of Jerusalem then went on to obtain a PhD from Harvard University in 1979.

He has held positions at a number of universities. In 1988 he was appointed Professor of Economics at Yale University where he later served as Charles and Dorothea Dilley Professor of Economics from 1997 to 1999. In this last year, he joined the Department of Economics at Harvard University where he is currently Thomas Professor of Economics.

His numerous distinctions include the Frisch Medal of the Econometric Society, which elected him a Fellow in 1988, and the Jean-Jacques Laffont Prize from the University of Toulouse. He is also a Fellow of the American Academy of Arts and Sciences and a Distinguished Fellow of the Industrial Organization Society.

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