Ariél Pakes has won the 2022 nemmers prize in economics for his work on industrial organization and econometrics.
He is the Thomas Professor of Economics at Harvard University, and his research focuses on methods for empirically analyzing market responses to environmental and policy changes.
Pakes received the prize for developing new ways to estimate consumer demand patterns that underlie pricing and product placement incentives.
He is a member of the Econometric Society, the American Academy of Arts and Sciences and the National Academy of Sciences.
Pakes has received the Frisch Medal of the Econometric Society, the Jean-Jacques Laffont Prize for research and is an honoree of the American Antitrust Institute for his work on antitrust.
Nemmers prizes are awarded every other year across multiple disciplines including economics, and are named after former Kellogg School of Management faculty member Erwin Nemmers and his brother Frederic.
Winners of the prizes in medical science, economics, mathematics and earth sciences each receive $200,000.