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- 26 Nov 2018
- Working Paper Summaries
Demand Estimation in Models of Imperfect Competition
Keywords:
by Alexander MacKay and Nathan H. Miller
- Web
Courses by Title - Course Catalog
Reimagining Capitalism: Business and Big Problems General Management, Strategy, Accounting & Management Ethan Rouen Fall2024 Q1Q2 3.0 Reshaping Competition Strategy Alexander View Details
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Courses by Faculty - Course Catalog
Elective Curriculum: Course Descriptions Last Updated: 08 May 2024 By Faculty View by Unit | View by Course Title | View by Faculty | View...
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Courses by Faculty Unit - Course Catalog
Accounting & Management) Ethan Rouen Fall2024 Q1Q2 3.0 Reshaping Competition Alexander MacKay Fall2024 Q2 1.5 Strategies for Value Creation (SVC) (also listed under Finance) Benjamin Esty Spring2025 Q3Q4 3.0...
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Courses by Faculty Unit - Course Catalog
Accounting & Management) Ethan Rouen Fall2024 Q1Q2 3.0 Reshaping Competition Alexander MacKay Fall2024 Q2 1.5 Strategies for Value Creation (SVC) (also listed under Finance) Benjamin Esty Spring2025 Q3Q4 3.0...
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- 05 May 2022
- Research & Ideas
Why Companies Raise Their Prices: Because They Can
much as they did." Instead, markups—the difference between prices charged at checkout and the marginal costs incurred by a company in order to make a product—climbed about 25 percent between 2006 View Details
Keywords:
by Rachel Layne
- Awards
Robert F. Lanzillotti Prize for Best Paper in Antitrust Economics
Awarded the 2022 Robert F. Lanzillotti Prize for Best Paper in Antitrust Economics at the International Industrial Organization Conference for "Rising Markups and the Role of Consumer Preferences" with Hendrik Döpper, Nathan H. Miller, and Joel Stiebale.
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- 01 Dec 2023
- News
Alumni and Faculty Books and Podcasts
Edited by Margie Kelley Alumni Books The World’s Littlest Book on Climate: Ten Facts in Ten Minutes About CO2 By Mike Nelson, Pieter Tans, and Michael Banks (MBA 1983) Independently Published In this updated edition of the world’s smallest book on the world’s biggest...
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Keywords:
podcasts
- 2024
- Working Paper
Estimating Models of Supply and Demand: Instruments and Covariance Restrictions
By: Alexander MacKay and Nathan H. Miller
We consider the identification of empirical models of supply and demand with imperfect
competition. We show that a restriction on the covariance between unobserved demand and
cost shocks can resolve endogeneity and identify the price parameter. We demonstrate how
to...
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Keywords:
Demand Estimation;
Identification;
Endogeneity Bias;
Covariance Restrictions;
Ordinary Least Squares;
Instrumental Variables;
Price;
Demand and Consumers;
Competition
MacKay, Alexander, and Nathan H. Miller. "Estimating Models of Supply and Demand: Instruments and Covariance Restrictions." Harvard Business School Working Paper, No. 19-051, October 2018. (Revised January 2024. Direct download.)
- 06 Nov 2018
- First Look
New Research and Ideas, November 6, 2018
MacKay, Alexander, and Nathan H. Miller Abstract—We consider the identification and estimation of demand systems...
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Keywords:
Dina Gerdeman
- 2023
- Working Paper
Rising Markups and the Role of Consumer Preferences
By: Hendrik Döpper, Alexander MacKay, Nathan H. Miller and Joel Stiebale
We characterize the evolution of markups for consumer products in the United States
from 2006 to 2019. We use detailed data on prices and quantities for products in more
than 100 distinct product categories to estimate demand systems with flexible...
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Keywords:
Market Power;
Markups;
Demand Estimation;
Consumer Products;
Retailers;
Product;
Price;
Demand and Consumers;
Consumer Behavior
Döpper, Hendrik, Alexander MacKay, Nathan H. Miller, and Joel Stiebale. "Rising Markups and the Role of Consumer Preferences." Harvard Business School Working Paper, No. 22-025, October 2021. (Revised March 2023. Direct download.)
- 01 Mar 2015
- News
Alumni and Faculty Books for March 2015
medium of photography since the author first took up a camera. Falling Short: The Coming Retirement Crisis and What to Do about It by Charles Ellis (MBA 1963), Alicia H....
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Business Economics - Doctoral
Wu Hanbin Yang Jeffrey Yang Jennifer Zou Current HBS Faculty & Students by Interest Asset pricing Lauren H. Cohen Robin Greenwood Samuel G. Hanson Edward J. Riedl Ishita Sen Adi Sunderam Economics Laura...
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- Web
Placement - Doctoral
studies, are uniquely individualized. Factors like departmental fit, location preferences, dual career choices, and family needs shape these decisions. We celebrate when students secure a position that brings them joy! Students are...
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Finance Awards & Honors - Faculty & Research
Distinction from the École Polytechnique Fédérale de Lausanne (EFPL) for "Demand-based Asset Pricing: Theory, Estimation and Applications.” 2022 Lauren H. Cohen: Winner of the 2022 First Prize in the Chicago...
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Winners & Runners-up - New Venture Competition
both the supply (dispatch companies) and demand (passenger) sides of the distribution chain. By doing so, MyTeksi will improve the matching process between taxi fleets and...
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Teacher Profiles - Case Method Project
Government AL Julie Albrecht St. Paul's Episcopal SchoolMobile, AL IA John Alden Williamsburg Jr-Sr High SchoolWilliamsburg, IA VT Aimee Alexander North Country Union High SchoolNewport, VT NJ Andy Allard Union County Vocational-Technical...
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Partners - Case Method Project
H. Pitman High SchoolTurlock, CA Subjects:AP U.S. Government and Politics, College Prep U.S. Government, College Prep Economics CA 19 of 65 Miguel Flores St. Pius X-St. Matthias AcademyDowney, CA CA 20 of 65...
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Strategy Awards & Honors - Faculty & Research
in the future." 2022 Alexander J. MacKay: Awarded the 2022 Robert F. Lanzillotti Prize for Best Paper in Antitrust Economics at the International Industrial Organization Conference for "Rising Markups and...
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- Web
Management Science Track Courses - Course Catalog
Management Ethan Rouen Fall2024 Q1Q2 3.0 Reshaping Competition Strategy Alexander MacKay Fall2024 Q2 1.5 Risks, Opportunities, And Investments In The Era Of Climate Change...
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