[Rerun] Steve Berry, IO and Structural Econometrics, Yale University

Greetings everyone. I’m still in moving mode, packing up life in Texas and getting ready for a year in Boston. I hit the road on Friday of this week for a three day road trip and am still behind on everything. That means the podcast is still on reruns for now, but I should have a new episode for you next time. This week’s rerun is one I really liked, though—my conversation from two years ago with Steven Berry.Steven is the Sterling Professor of Economics at Yale and the inaugural Faculty Director of the Tobin Center. His work in industrial organization has shaped how economists think about markets in equilibrium, and his research spans industries from autos to airlines to media. He’s also a winner of the Frisch Medal, a member of the National Academy of Sciences, and one of the field’s most respected voices.We talked about his path into economics—from the Midwest, to Wisconsin, to a career that’s helped define modern empirical IO. Naturally, we dug into the BLP model, the landmark framework he developed with James Levinsohn and Ariel Pakes that changed how we estimate demand in differentiated product markets. It’s one of those ideas that’s both deeply technical and hugely practical in policy and business.If you missed it the first time, I think you’ll enjoy hearing Steven reflect on his career, his collaborators, and where the field is headed. Here’s my rerun conversation with Steven Berry.Scott's Mixtape Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Mixtape Substack at causalinf.substack.com/subscribe