• Ariel Pakes


Methodological Issues in Analyzing Market Dynamics. Ariel Pakes, February 11, 2015, Paper. "This paper investigates progress in the development of models capable of empirically analyzing the evolution of industries. It starts with a parallel between the development of empirical frameworks for static and dynamic analysis of industries: both adapted their frameworks from models taken from economic theory. The dynamic framework has had its successes: it led to developments that have enabled us to control for dynamic phenomena in static empirical models and to useful computational theory..." Link