Harvard Professor Ariel Pakes Joins Cornerstone Research as Senior Advisor

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Influential economist contributes expertise on industrial organization, technological change, and econometrics.

Ariel’s work has an enormous impact on the field of empirical industrial organization

Cornerstone Research, a leading provider of economic and financial consulting and expert testimony, announced today that Ariel Pakes, the Thomas Professor of Economics at Harvard University, has joined the firm as a senior advisor. Professor Pakes is one of the foremost authorities on industrial organization, technological change, and econometric modeling.

“Ariel’s work has an enormous impact on the field of empirical industrial organization,” said Cornerstone Research President and CEO Michael E. Burton. “His research has paved the way for much of the current empirical work in industrial organization and other fields that use structural modeling, which is indicative of the level of knowledge he brings to our clients’ matters.”

Professor Pakes’s expertise includes competition, intellectual property, healthcare, and the economics of technology. He has served as an economic consultant and provided expert testimony in court and through depositions. In a large joint defense antitrust case, Professor Pakes recently testified before the judge on the reliability and appropriateness of a structural model that an opposing expert developed. In addition, he has done work for a number of consultancies, government agencies, and large corporations.

Professor Pakes is recognized globally as a leader in industrial organization. He has spoken on competition issues before numerous international agencies, including the European Competition Commission; at conferences on several continents; and in the United States, at the Federal Trade Commission, the Department of Justice, and the Federal Communications Commission.

He has conducted research on productivity, profits, consumer welfare, and pricing in numerous industries, including healthcare, automotive, personal computers, and telecommunications equipment. Professor Pakes has developed methods for analyzing market responses to changes in policy and in business conditions, such as mergers. The U.S. Bureau of Labor Statistics has used a model he created to check the accuracy of its Consumer Price Index.

Professor Pakes received the Frisch Medal of the Econometric Society and was elected as a fellow of that society. He is also a fellow of the American Academy of Arts and Sciences and a distinguished fellow of the Industrial Organization Society. Professor Pakes has served on a number of National Science Foundation panels, including the Presidential Fellow Advisory Board. He has co-chaired the American Economic Association’s Census Advisory Panel.

About Cornerstone Research
Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex litigation and regulatory proceedings. The firm works with an extensive network of prominent faculty and industry practitioners to identify the best-qualified expert for each assignment. Cornerstone Research has earned a reputation for consistent high quality and effectiveness by delivering rigorous, state-of-the-art analysis for over 25 years. The firm has more than 500 staff and offices in Boston, Chicago, London, Los Angeles, Menlo Park, New York, San Francisco, and Washington.

Please visit Cornerstone Research’s website for more information about the firm’s capabilities in economic and financial consulting and expert testimony.

Twitter at @Cornerstone_Res

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