Ariel Pakes, who is noted for his research in econometrics, industrial organization and technological change, has been named the Charles C. and Dorathea S. Dilley Professor of Economics by vote of the Yale Corporation.
Professor Pakes has written extensively on a range of topics, including price indices, pricing in differentiated product markets, the dynamic behavior of markets, automobile prices, science, technology and economic growth, science-based industry in Israel and methods for bringing theoretical economic models to data. His articles have been published in professional publications such as Econometrica, the Journal of Political Economy and the Journal of Labor Economics, and have appeared in a number of books, including "The Economics of Aging," "Patents R&D and Productivity" and "The Economics of Mergers."
A member of the Yale faculty since 1988, Professor Pakes formerly taught at the University of Wisconsin-Madison and The Hebrew University of Jerusalem, where he earned his B.A. in 1971 and his M.A. in 1973. He was awarded a second M.A. in 1976 from Harvard University, where he also earned his Ph.D. in 1979.
Professor Pakes has testified at recent Senate hearings on consumer price indices and has lectured on science and the economy at national and international gatherings, including symposia of the National Academy of Sciences, the American Academy for the Advancement of Science and the National Council of Research and Development in Israel. He served as a member and report coauthor for a number of National Science Foundation NSF panels, including ones on global change, computational economics and data opportunities. He also was a member of the NSF's Presidential Fellow Advisory Panel and Economics Advisory Panel.
In addition, he is a member of the Council for Research on Income and Wealth and the Census Advisory Panel, and he oversaw the integration of census and research and development surveys for the Israel Council for Research and Development. He has been an adviser to the National Institute of Standards and Technology, the General Motors Corporation and a consultant to other organizations.
Professor Pakes has been a research associate with The National Bureau of Economic Research since 1983 and was previously a faculty research fellow there. He has also been a research associate at The Maurice Falk Institute for Economic Research in Israel.
Formerly an associate editor of Econometrica, Professor Pakes is currently an associate editor of Economics of Innovation and New Technology, the Journal of Economic Dynamics and Control and the Journal of Econometrics. He coedited the Proceedings of the National Academy of Sciences on "Science, Technology and the Economy" in 1996 and the 1995 Annals of Econometrics issue of the Journal of Econometrics.
Professor Pakes has received a number of awards and honors for his contributions in the field of economics. He has received several research grants from the National Science Foundation, and in 1986 was the recipient of the Frisch Medal, which is presented every two years by the Econometric Society for "the best applied article, empirical or theoretical," published in the journal Econometrica over the past five years. Professor Pakes won for his article "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks."