The Rise of Market Power and the Macroeconomic Implications: Comment
NOTE: Response to the authors' reply in section 5
with Nathan Miller and Ali Yurukoglu
February 2026
C. Lanier Benkard
Gregor G Peterson Professor of Economics
lanierb@stanford.edu
(650) 725-2173
GSB Faculty Building East 313
655 Knight Way, Stanford, CA 94305
(650) 725-2173
GSB Faculty Building East 313
655 Knight Way, Stanford, CA 94305
Working Papers
Transitional Market Dynamics in Complex Environments
with Przemek Jeziorski and Gabriel Weintraub
October 2024
Robust Estimation of Large Scale Dynamic Games
with Dmitry Arkhangelski and Evgeni Drynkin
November 2024
Concentration in Product Markets
with Ali Yurukoglu and Anthony Lee Zhang
July 2024 (forthcoming, AEJ: Microeconomics)
Simulating the Dynamic Effects of Horizontal Mergers: U.S. Airlines
with Aaron Bodoh-Creed and John Lazarev
September 2018 (R&R, RAND Journal of Economics)
Published Papers
Oblivious Equilibrium for Concentrated Industries
with Gabriel Weintraub and Przemek Jeziorski
RAND, 2015
Industry Dynamics: Foundations for Models with an Infinite Number of Firms
with Gabriel Weintraub and Ben Van Roy
Journal of Economic Theory, 2011
Computational Methods for Oblivious Equilibrium
with Gabriel Weintraub and Ben Van Roy
Operations Research, June 2010
Sophisticated C code for computing OE -- Source code, Documentation (For precompiled binaries, look here.)
Simple Matlab code for computing OE.
Markov Perfect Industry Dynamics with Many Firms
with Gabriel Weintraub and Ben Van Roy
Econometrica, Nov 2008, 1375-1411
Estimating Dynamic Models of Imperfect Competition
with Patrick Bajari and Jonathan Levin
Econometrica, Sep 2007, 1331-1370
Gauss code for estimating the Ericson-Pakes Monte Carlo experiments in BBL.
Econometric Tools for Analyzing Market Outcomes
with Dan Ackerberg, Steve Berry, and Ariel Pakes
Chapter in Handbook of Econometrics
On the Nonparametric Identification of Nonlinear Simultaneous Equations Models: Comment on B. Brown (1983) and Roehrig (1988)
with Steve Berry
Econometrica, Sep 2006, 1429-1440
Oblivious Equilibrium: A Mean Field Approximation for Large Scale Dynamic Games
with Gabriel Weintraub and Ben Van Roy
Advances in Neural Information Processing Systems, Vol 18, 2006
Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach
with Patrick Bajari
Journal of Political Economy, 2005 113:6, 1239-1276
House Prices and Consumer Welfare
with Patrick Bajari and John Krainer
Journal of Urban Economics, 2005, 474-487
Hedonic Price Indexes With Unobserved Product Characteristics, and Application to Personal Computers
with Patrick Bajari
Journal of Business and Economic Statistics, 2005, 23:1, 61-75
A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
Review of Economic Studies, 2004, 71, 581-611
Discrete Choice Models as Structural Models of Demand: Some Economic Implications of Common Approaches
with Patrick Bajari
Revised March 2003
Learning and Forgetting: The Dynamics of Aircraft Production
American Economic Review, 90:4, Sep 2000, 1034-1054