2 papers
econ.GN2026
Valuing Pharmaceutical Drug Innovations
Gaurab Aryal, Federico Ciliberto, Leland E. Farmer +1
We propose a methodology to estimate the market value of pharmaceutical drugs. Our approach combines the event study method with a discounted cash flow model that infers drug value…
econ.GN2025
Bridging Quasi-Experimental and Structural Approaches for Robust Evaluation of US Airline Mergers
Gaurab Aryal, Anirban Chattopadhyaya, Federico Ciliberto
We bridge quasi-experimental and structural approaches for robust merger evaluation. First, we show that the difference-in-differences (DiD) equation is the "reduced form" of a str…