Empirical Analysis of Innovation in Oligopoly Industries



Victor Aguirregabiria (University of Toronto)



3-7 September 2018



9:30 to 13:00

Intended for


Academics, researchers, practitioners, and graduate students interested in industrial organization and the economics of innovation.



First-year Master or PhD level in econometrics, game theory, and industrial organization.



This course deals with empirical studies of firms’ innovation. We will cover state-of-the-art models and econometric methods to measure the productivity effects of R&D, consumer valuation of product innovations, the value of patents, and dynamic strategic behavior in firms’ innovation. We will examine data through the eyes of three classes of models which are workhorses in empirical industrial organization: production function, demand of differentiated products, and structural dynamic discrete choice models. We will conclude with recent research on the estimation of network models on the diffusion of innovations.



R&D and endogenous productivity growth: evidence from the estimation of production functions
The value of product innovations: evidence from the estimation of demand of differentiated products
Estimating the value of patents
Dynamic strategic behavior in firms’ innovation: evidence from the estimation of dynamic games
Network models and the diffusion of innovations


Victor Aguirregabiria is Professor of Economics at the University of Toronto. He has previously held appointments at the University of Western Ontario, University of Chicago, and Boston University. He is a graduate from CEMFI. He has served as Editor of the Journal of the Spanish Economic Association, and as Associate Editor of the Journal of Economic Literature, Quantitative Economics, Journal of Applied Econometrics, Journal of Business and Economic Statistics, International Journal of Industrial Organization, and Quantitative Marketing and Economics. He is Research Fellow of the Centre for Economic Policy Research, Honorary Fellow of the Spanish Economic Association, and Visiting Scholar at the Bank of Canada. His research has been published in leading international journals, including Econometrica, Review of Economic Studies, American Economic Review, and RAND Journal of Economics.


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