by Alexander MacKay and Nathan H. Miller - Publications - Faculty & Research

26 Nov 2018
Working Paper Summaries

Demand Estimation in Models of Imperfect Competition

Keywords: by Alexander MacKay and Nathan H. Miller

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

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... View Details

Keywords: podcasts

February 2025
Article

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... View Details

Keywords: Demand Estimation; Identification; Endogeneity Bias; Covariance Restrictions; Ordinary Least Squares; Instrumental Variables; Price; Demand and Consumers; Competition

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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... View Details

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... View Details

Keywords: Market Power; Markups; Demand Estimation; Consumer Products; Retailers; Product; Price; Demand and Consumers; Consumer Behavior

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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.... View Details

Keywords: Publishing Industries (except Internet); Information

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Business Economics - Doctoral

lens of business. Jointly administered by HBS and the Department of Economics in the Faculty of Arts and Sciences, the program combines theoretical analysis with in-depth,... View Details

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Great American Business Leaders of the 20th Century - Leadership

Insurance Company, 1932–1946 Nathan Cummings Consolidated Foods, 1939–1975 Harry B. Cunningham S. S. Kresge Company/K Mart, 1959–1972 Harlow H. Curtice General Motors Corporation, 1953–1958 Cyrus View Details

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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... View Details

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Campaign Leadership Committee - Alumni

Giving Campaign Leadership Committee Giving Campaign Leadership Committee A dedicated group of alumni and friends served as ambassadors for The Harvard Business School Campaign, which concluded on June 30, 2018. Through their leadership... View Details

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Winners & Runners-Up | New Venture Competition

based technology to 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 View Details

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Finance Awards & Honors - Faculty & Research

Chicago Quantitative Alliance Academic Paper Competition for "Hidden Alpha" with Manuel Ammann, Alexander Cochardt, and Stephan Heller. Lauren H. Cohen : Winner of an Institute... View Details

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Partners - Case Method Project

Modesto, CA CA 18 of 65 Isaac Farhadian John H. Pitman High School Turlock, CA Subjects: AP U.S. Government and Politics, College Prep U.S. Government, College Prep Economics CA 19 of 65 Miguel Flores St.... View Details

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Teacher Profiles - Case Method Project

Falkove Fiorello LaGuardia High School of Performing Arts New York, NY CA Isaac Farhadian John H. Pitman High School Turlock, CA Subjects: AP U.S. Government and Politics, College Prep U.S. Government,... View Details

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Technology & Operations Management Awards & Honors - Faculty & Research

Wu, and Yun William Yu. Stefan H. Thomke : Awarded an Honorary Doctorate in Sciences by the Technical University Graz in 2022. 2021 Prithwiraj Choudhury : Winner of the AI/ML... View Details

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Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

Institutions , Conference Series #21. Federal Reserve Bank of Boston, October 1979. Merton, Robert C. "Capital Theory and the Pricing of Financial Securities." In Handbook of Monetary Economics , vol. 1, edited View Details

01 Dec 2016
News

Alumni Books of 2016

Tetiaroa, French Polynesia by Richard H. Bailey (MBA 1981) (Tahiti Beachcomber S.A.) Bailey, the president and CEO of Pacific Beachcomber, published this coffee-table book on... View Details

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