Timothy Bresnahan


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.”


Timothy Bresnahan (United States, 1953) graduated from Haverford College (United States), and in 1978 earned a PhD from Princeton University.

In 1989, he joined the Center on Employment and Economic Growth at the Stanford Institute for Economic Policy Research (SIEPR), which he now heads. From 1999 to 2000 he served as Deputy Assistant Attorney General and Chief Economist in the Antitrust Division of the U.S. Department of Justice. He currently combines his directorship of SIEPR with the post of Landau Professor in Technology and the Economy at Stanford University.

He is a Fellow of the Econometric Society and, since 1990, a member of the Steering Committee of the Industrial Organization Program of the National Bureau of Economic Research.