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Esther Duflo standing next to a projector screen with lecture attendees in auditorium seats in the background

Steine Lecture in Economics

The David Steine Lectureship honors former Vanderbilt professor David L. Steine and was established in 1978 by multiple donors. The endowment supports one to two annual lectures that address economic problems of interest to the general public. 

Fall 2022 Steine Lecture

“Health Care:  Problems and Prospects”

Friday, November 11, 2022
4:10 PM with reception to follow
Wilson Hall 103

Speaker: Ariel Pakes

Thomas Professor of Economics in the Department of Economics, Harvard University

Ariel Pakes is the Thomas Professor of Economics in the Department of Economics at Harvard University, where he teaches courses in Industrial Organization and Econometrics. He received the Frisch Medal of the Econometric Society in 1986. He was elected as a fellow of that society in 1988, of the American Academy of Arts and Sciences in 2002, and of the National Academy of Sciences in 2017.  Ariel was the Distinguished Fellow of the Industrial Organization in 2007. In 2017 he received the Jean-Jacques Laffont Prize and in 2018 the BBVA Frontiers of Knowledge Award.  In 2019 Ariel was appointed a distinguished fellow of the American Economic Association. In 2020 Ariel was selected to be citation laureate of the Web of Science. In 2021 Ariel received the Global Competition Review’s annual award for Prosecution of Collusion and became the American Antitrust Institute’s honoree for Outstanding Antitrust Litigation Achievement in Economics; both refer to the Blue Cross Blue Shield Antitrust Litigation.  In 2022 he was recipient of Northwestern University’s Nemmers Prize in Economics. Honored for his “fundamental contributions to the development of the field of empirical industrial organization as it is applied to the study of market power, prices, mergers and productivity.”

Ariel’s research has focused on developing methods for empirically analyzing market responses to environmental and policy changes. This includes developing: i) demand systems that are capable of analyzing the impact of environmental changes (e.g. mergers) on prices, ii) methods capable of analyzing the impact of policy changes (e.g. deregulation) on productivity, and iii) models capable of following the impacts of these changes on the evolution of markets over time. He and his co-authors have applied these tools to the analysis of the auto, electricity, health care, and telecommunications equipment industries.  Ariel also developed techniques for: analyzing the impacts of privately funded research and development activity, for constructing a more accurate Consumer Price Index, and for analyzing the impact of incentive schemes on the hospital allocations of doctors.

Many of Ariel’s methodological contributions have been incorporated into the work of government agencies and private firms.  Ariel has mentored over sixty doctoral students, many of whom are now leading researchers at prestigious universities.  Additionally, he has done work for a number of consultancies, government agencies, and large firms.

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Esther Duflo, 2019 Nobel Prize in Economics; Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Massachusetts Institute of Technology  (2019)
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Janet Yellen, Distinguished Fellow in Residence, Brookings Institute; Former Chair, Board of Governors of the Federal Reserve (2019)
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Ben Bernanke, Distinguished Fellow in Residence, Brookings Institution; Former Chair of the Board of Governors, Federal Reserve (2018)
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Olivier Blanchard, Peterson Institute for International Economics (2017)
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Pinelopi Koujianou Goldberg, Yale University (2017)
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Alvin Roth, Stanford University; 2012 Nobel Laureate in Economics (2016)
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