• Ariel Pakes


April 2020, Paper, "Industrial organization is the study of market responses to environmental and/or policy change. It recognizes that very few, if any, markets are either monopolies (with one firm supplying a product that does not have competitors) or perfectly competitive (where firms have no ability to influence price). Rather virtually all markets are imperfectly competitive; markets where each firm knows its actions affect the payoffs, and hence the actions, of its competitors"

Non-HKS Author Website - Ariel Pakes