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Steven Berry

Biographic Data

ID3591719
NAMESteven Berry
GIVEN NAMESSteven
FAMILY NAMEBerry
SIGNATUREBERRY S
AFFILIATIONSSteven Berry is the David Swensen Professor of Economics, Yale University, New Haven, Connecticut. Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts.
VERIFIEDNo
TOTAL WORKS4
TOTAL CITATIONS12
AUTHOR COUNT4
EDITOR COUNT0
FIRST PUBLICATION YEAR1994
LATEST PUBLICATION YEAR2019
H-INDEX2
  • Do Increasing Markups Matter? Lessons from Empirical Industrial Organization

    Open Access•Steven Berry, Martin Gaynor et al.•ARTICLE•The Journal of Economic…•2019•Cited by: 5•References: 42

    This article considers the recent literature on firm markups in light of both new and classic work in the field of industrial organization. We detail the shortcomings of papers that rely on discredited approaches from the "structure-conduct-performance" literature. In contrast, papers based on production function estimation have made useful progress in measuring broad trends in markups. However, industries are so heterogeneous that careful indust…

  • Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

    Steven Berry, James Levinsohn et al.•ARTICLE•Journal of Political Economy•2004•Cited by: 7•References: 1

    In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use “second‐choice” data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out‐of‐sample predictions about important recent changes in industry structure

  • Automobile Prices in Market Equilibrium

    Steven Berry, James Levinsohn et al.•ARTICLE•Econometrica•1995

    Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at

  • Estimating Discrete-Choice Models of Product Differentiation

    Open Access•Steven Berry, Steven T Berry•ARTICLE•The RAND Journal of Economics•1994

    This article considers the problem of "supply-and-demand" analysis on a cross section of oligopoly markets with differentiated products. The primary methodology is to assume that demand can be described by a discrete-choice model and that prices are endogenously determined by price-setting firms. In contrast to some previous empirical work, the techniques explicitly allow for the possibility that prices are correlated with unobserved demand facto…

  • Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

    Steven Berry, James Levinsohn et al.•ARTICLE•Journal of Political Economy•2004•Cited by: 7•References: 1

    In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use “second‐choice” data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out‐of‐sample predictions about important recent changes in industry structure

  • Do Increasing Markups Matter? Lessons from Empirical Industrial Organization

    Open Access•Steven Berry, Martin Gaynor et al.•ARTICLE•The Journal of Economic…•2019•Cited by: 5•References: 42

    This article considers the recent literature on firm markups in light of both new and classic work in the field of industrial organization. We detail the shortcomings of papers that rely on discredited approaches from the "structure-conduct-performance" literature. In contrast, papers based on production function estimation have made useful progress in measuring broad trends in markups. However, industries are so heterogeneous that careful indust…

  • Estimating Discrete-Choice Models of Product Differentiation

    Open Access•Steven Berry, Steven T Berry•ARTICLE•The RAND Journal of Economics•1994

    This article considers the problem of "supply-and-demand" analysis on a cross section of oligopoly markets with differentiated products. The primary methodology is to assume that demand can be described by a discrete-choice model and that prices are endogenously determined by price-setting firms. In contrast to some previous empirical work, the techniques explicitly allow for the possibility that prices are correlated with unobserved demand facto…

  • Automobile Prices in Market Equilibrium

    Steven Berry, James Levinsohn et al.•ARTICLE•Econometrica•1995

    Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at

  • Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

    Steven Berry, James Levinsohn et al.•ARTICLE•Journal of Political Economy•2004•Cited by: 7•References: 1

    In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use “second‐choice” data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out‐of‐sample predictions about important recent changes in industry structure

  • Do Increasing Markups Matter? Lessons from Empirical Industrial Organization

    Open Access•Steven Berry, Martin Gaynor et al.•ARTICLE•The Journal of Economic…•2019•Cited by: 5•References: 42

    This article considers the recent literature on firm markups in light of both new and classic work in the field of industrial organization. We detail the shortcomings of papers that rely on discredited approaches from the "structure-conduct-performance" literature. In contrast, papers based on production function estimation have made useful progress in measuring broad trends in markups. However, industries are so heterogeneous that careful indust…

Economics (4 works) · Microeconomics (4 works) · Consumer Market Behavior and Pricing (3 works) · Merger and Competition Analysis (3 works) · Computer Science (2 works) · Econometrics (2 works) · Industrial organization (2 works) · Product differentiation (2 works) · Artificial Intelligence (1 works) · Artificial Intelligence (1 works)

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