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Directory
Ralph Siebert

Ralph Siebert

Professor of Economics
Academic Director of Economics Master's
Economics

Education

Ph.D., Economics, Humboldt University (Berlin)
M.A., Economics, Humboldt University (Berlin)
B.A., Business and Economics, Free University, (Berlin)

CV

Professor Siebert joined the Krannert School of Management (Econ Dept) at Purdue University in January 2004. He is also an Adjunct Visiting Associate Professor at the University of Chicago (Booth School of Business). Professor Siebert is also the Director of Econ Master's program at Purdue.

Professor Siebert is highly recognized scholar with more than 50 publications, and more than 750 citations. He published in various top economics and general interest journals. He also serves as a co-editor for the Journal of Economics and Management Strategy.

Professor Siebert is working in the areas of: Industrial Organization (theoretical and empirical), Health Economics, Innovation, Applied Microeconometrics, Applied Econometrics, Business and Economics, Microeconomics, Operations Management, Law and Economics, Urban and Real Estate Economics, Experimental Economics.

Professor Siebert has taught courses in several residential programs (including PhD courses, MBA courses, Executive courses, MS courses) at several prestigous places. He also taught several online classes.

Professor Siebert's research studies primarily focus on the following topics: 
Antirust and Competition Policy: Licensing, Market Power, Mergers, Pricing, Research Joint Ventures
Auctions: Experiments and Structural Estimation
Dynamic Oligopoly Models: Evolution of Market Structure, Firms' and Market Dynamics, Optimal Pricing
Health and Pharmaceutical Markets: Biotech, Drug Pricing, Licensing and Mergers, Obesity, R&D in Pharmaceuticals
Real Estate/Housing Market: Foreclosure, Imperfect Information on Price and Quality, Price Discrimination
Innovation: Product- and Process Innovation, Patenting, New Product Introduction, Adoption of New Technologies
Product Market Competition: Multiproduct Competition, Network Effects, Optimal Pricing, Product Differentiation

Most of his research is grounded in the interface between applied theory and empirical testing, i.e., structural modeling, while other studies relate to reduced-form regressions and applied theory. The large majority of his empirical work builds on theory that provides insights into counterfactuals, as well as underlying effects that drive the results.

Professor Siebert's research studies investigate the competitiveness of firms and market performance accounting for dynamic strategic interactions between firms. His work frequently focuses on policy-relevant topics to provide insights for antitrust and competition policy. One of the main methodological characteristics of his research is that it often goes beyond a static evaluation approach and emphasizes firm and industry dynamics. He devotes special attention to the interlink between technology and product market competition. 

Professor Siebert was a (Visiting) Associate Professor at the University of Chicago, Harvard University, Yale University, University of Toronto, Ludwig Maximilians University (Munich, Germany), Center for Economic Studies (Munich, Germany), Social Science Research Institute (WZB, Germany), European School of Management and Technology (Berlin, Germany), and Humboldt-University (Berlin, Germany).

Professor Siebert received several awards such as the Faculty Service Award. He the Young Scholar Award from Purdue University (Krannert School of Management) and he won the European Young Economist Award in two consecutive years. He also received awards as a distinguished teacher every year from 2005 onwards. 

Professor Siebert's work experience in companies, include:
(i) Alfred Teves (Manufacturer, Auto Parts Supplier)
(ii) Mercedes Benz (Manufacturer, Automobiles)
(iii) Obi (Retailer)
(iv) Volkswagen (Manufacturer, Automobiles)

Journal Articles

  • Siebert, Ralph (2021). “What Determines Heterogeneous Merger Effects on Competitive Outcomes?”. forthcoming, Journal of Industrial Economics, | Download |
  • Siebert, Ralph (2020). “Heterogeneous Foreclosure Discounts of Homes”. forthcoming, Journal of Real Estate Research, | Download |
  • Siebert, Ralph (2019). "The Differential Impact of Subsidies on Product Improvements". The Journal of Institutional and Theoretical Economics, Vol. 175, pp. 583-616, | Related Website |
  • Siebert, Ralph (2019). "Estimating Differential Dynamic Merger Effects on Market Structure and Entry in Related Markets: Evidence from the Semiconductor Industry"". Review of Industrial Organization, Vol. 55, pp. 431-458, | Related Website |
  • Siebert, Ralph (2017). "A Structural Model on the Impact of Prediscovery Licensing and Research Joint Ventures on Innovation and Product Market Efficiency". International Journal of Industrial Organization, Vol 54, pp. 89-124, (Download Online Appendix Here), | Related Website | Download |
  • Siebert, Ralph (2017). "Dynamic Impact of Uncertainty on R&D Cooperation Formation and Research Performance: Evidence from the Bio-Pharmaceutical Industry" (with Tannista Banerjee). Research Policy, Vol. 46, pp. 1255-1271, | Related Website |
  • Siebert, Ralph (2017). "Firm-Specific Time Preferences and Postmerger Firm Performance" (with Jeremiah Harris). International Journal of Industrial Organization, Vol. 53, pp. 32-62, | Related Website |
  • Siebert, Ralph (2017). "The Impact of R&D Cooperations and Mergers in Pharmaceuticals on Research Activities and Drugs Offered on the Market" (with Tannista Banerjee). Southern Economic Journal, Vol. 84, pp. 202–228, | Related Website |
  • Siebert, Ralph (2015). "Entering New Markets in the Presence of Competition: Price Discrimination versus Cannibalization". Journal of Economics and Management Strategy, (Download Online Appendix Here), Vol. 24, pp. 369-389, | Related Website | Download |
  • Siebert, Ralph (2015). "What Determines Firms' Choices Between Ex Ante and Ex Post Licensing Agreements?". Journal of Competition Law & Economics, Vol. 11, pp. 165–199, | Related Website |
  • Siebert, Ralph (2011). "An Experimental Analysis of the Impact of Information Revelation Policies in Sequential Auctions" (with Timothy N. Cason and Karthik Kannan). Management Science, Vol. 57, pp. 667-688, | Related Website |
  • Siebert, Ralph (2010). "Learning-by-Doing and Cannibalization Effects at Multi-Vintage Firms: Evidence from the Semiconductor Industry". The B.E. Journal of Economic Analysis & Policy, Advances Tier, Vol. 10, Lead Article, pp. 1-32, | Related Website |
  • Siebert, Ralph (2010). "Jostling for Advantage or Not: Choosing between Patent Portfolio Races and Ex Ante Licensing" (with Georg von Graevenitz). Journal of Economic Behavior and Organization, Vol. 73, pp. 225-24, | Related Website |
  • Siebert, Ralph (2007). "Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry" (with Klaus Gugler). Review of Economics and Statistics, Vol. 89, pp. 645-659, | Related Website |
  • Siebert, Ralph (2007). "Why Firms Form (or don't Form) RJVs" (with Lars-Hendrik Roeller and Mihkel Tombak). Economic Journal, July, Vol. 117, pp. 1122-1144, | Related Website |

Other Publications

  • Siebert, Ralph, WZB Bulletin, Vol. 47, pp. 34-36 "International Research Joint Ventures".

Research In Progress

  • Siebert, Ralph "Spatial Differentiation and Market Power in Input Procurement: Evidence from a Structural Model of the Corn Market", with Juan Sesmero and Jinho Jung, revised and resubmitted, AJAE. | Download |
  • Siebert, Ralph "Dynamic Mergers Effects on R&D Investments and Drug Development across Research Phases in the Pharmaceutical Industry" with Zhili Tian, revised and resubmitted, POM.
  • Siebert, Ralph "The Competitive Effects of Declining Entry Costs over Time: Evidence from the Static Random Access Memory Market", with An-Hsiang Liu, revise and resubmit, IJIO. | Download |
  • Siebert, Ralph "The Effect of Bargaining Determinants on Pharmaceutical Prices" with Sebastian Linde and Brandon Norton, under review. | Download |
  • Siebert, Ralph "Exploring the Incremental Merger Value from Multimarket Channels", with Sebastian Linde, under review. | Download |
  • Siebert, Ralph "Why Do Buyers Pay Different Prices for Comparable Products? Evidence from the Housing Market", with Michael J. Seiler, under review. | Download |
  • Siebert, Ralph Switching Beers? A Structural Model on Differential Effects of Switching Costs on Prices and Profits in Competitive Markets, with Xiaoyang He, under review. | Download |
  • Siebert, Ralph "Drug Pricing and Price Transparency Policies", with Sebastian Linde.
  • Siebert, Ralph "Drug Price Variations and Competition", with Guenter Hitsch, Sebastian Linde and Brandon Norton.
  • Siebert, Ralph "The Effects of Private Label Introductions", with Meilin Ma.
  • Siebert, Ralph "The Impact of Market Demand and Entry Costs on Market Structure", with Christine Zulehner.
  • Siebert, Ralph "Licensing in the Context of Multimarket Competition" with An-Hsiang Liu.
  • Siebert, Ralph "The Dynamic Effects of Entry in the Ethanol Market" with Juan Sesmero and Jinho Jung.
  • Siebert, Ralph "Product Variety in Differentiated Product Markets".

Working Papers

  • Siebert, Ralph (2020). “The Competitive Effects of Declining Entry Costs over Time: Evidence from the Static Random Access Memory Market” with An-Hsiang Liu, 2020, CESifo Working Paper No. 8552.
  • Siebert, Ralph (2020). "Why Do Buyers Pay Different Prices for Comparable Products? Evidence from the Housing Market", with Michael J. Seiler, 2020, CESifo Working Paper No. 8337.
  • Siebert, Ralph (2020). "Dynamic Mergers Effects on R&D Investments and Drug Development across Research Phases in the Pharmaceutical Industry", with Zhili Tian, 2020, CESifo working paper 8303.
  • Siebert, Ralph (2020). "Spatial Differentiation and Market Power in Input Procurement: Evidence from a Structural Model of the Corn Market", with Jinho Jung and Juan Sesmero, 2020, CESifo Working Paper No. 8088.
  • Siebert, Ralph (2020). “Dynamic Effects of Licensing and Knowledge Transfer across Research Stages: Evidence from the Pharmaceutical Industry, with Zhili Tian, 2020, CESifo working paper No. 8311.
  • Siebert, Ralph (2019). “The Effect of Bargaining Power Determinants on Pharmaceutical Prices”, with Sebastian Linde and Brandon Norton, 2019, CESifo Working Paper No. 7988.
  • Siebert, Ralph (2017). “Heterogeneous Merger Impacts on Competitive Outcomes”, 2017, CESifo Working Paper No. 6607.
  • Siebert, Ralph (2016). “Do Mergers Among Multimarket Firms Create Value?”, with Sebastian Linde, 2016, CESifo Working Paper No. 6139.
  • Siebert, Ralph (2016). “The Impact of Horizontal Mergers on Market Structure: Evidence from the Semiconductor Industry”, 2016, CESifo Working Paper No. 5911.
  • Siebert, Ralph (2015). “The Impact of Foreclosure on Housing Prices”, 2015, CESifo Working Paper No. 5196.
  • Siebert, Ralph (2015). “Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry”, with Jeremiah Harris, 2015, CESifo Working Paper No. 5199.
  • Siebert, Ralph (2014). “The Impact of R&D Cooperations on Drug Variety Offered on the Market. Evidence from the Pharmaceutical Industry”, with Tannista Banerjee, 2014, CESifo Working Paper No. 4567.
  • Siebert, Ralph (2013). “Are Ex Ante and Ex Post Licensing Agreements Useful Instruments to Lessen Uncertainty in R&D?”, with Tannista Banerjee, 2013, CESifo Working Paper No. 4535.
  • Siebert, Ralph (2013). “The Impact of Entry Regulation on Total Welfare: A Policy Experiment”, with An-Hsiang Liu and Christine Zulehner, 2013,CESifo Working Paper No. 4291.
  • Siebert, Ralph (2013). “The Impact of R&D Cooperation on Drug Variety Offered on the Market: Evidence from the Pharmaceutical Industry”, with Tannista Banerjee, 2013, Auburn Economics Working Paper Series auwp2013-20, Department of Economics, Auburn University.
  • Siebert, Ralph (2010). “An Experimental Study of Information Revelation Policies in Sequential Auctions”, with Timothy N. Cason and Karthik N. Kannan, 2010, Purdue University Economics Working Papers 1235, Purdue University, Department of Economics.
  • Siebert, Ralph (2010). “Licensing in the Patent Thicket - Timing and Benefits”, with Georg von Graevenitz, 2010, MPRA Paper 24007, University Library of Munich, Germany.
  • Siebert, Ralph (2010). “Learning-by-Doing and Cannibalization Effects at Multi-Vintage Firms: Evidence from the Semiconductor Industry”, 2010, MPRA Paper 24008, University Library of Munich, Germany.
  • Siebert, Ralph (2008). “Does Licensing Resolve Hold Up in the Patent Thicket?”, with Georg von Graevenitz, 2008, Discussion Papers in Business Administration 2104, University of Munich, Munich School of Management.
  • Siebert, Ralph (2006). “Jostling for Advantage: Licensing and Entry into Patent Portfolio Races”, with Georg von Graevenitz, 2006, CEPR Discussion Papers 5753, C.E.P.R. Discussion Papers.
  • Siebert, Ralph (2006). “How Licensing Resolves Hold-Up: Evidence from a Dynamic Panel Data Model with Unobserved Heterogeneity”, with Georg von Graevenitz, 2006, Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 105, Free University of Berlin, Humboldt University of Berlin, University.
  • Siebert, Ralph (2004). “Market Power versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry”, with Klaus Gugler, 2004, NBER Working Papers 10323, National Bureau of Economic Research, Inc.
  • Siebert, Ralph (2003). “The Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms”, 2003, CEPR Discussion Papers 4090, C.E.P.R. Discussion Papers.
  • Siebert, Ralph (2003). “The Introduction of New Product Qualities by Incumbent Firms: Market Proliferation versus Cannibalization”, 2003, CIG Working Papers SP II 2003-11, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
  • Siebert, Ralph “Learning by Doing and Multiproduction Effects over the Life Cycle: Evidence from the Semiconductor Industry”, CIG Working Papers FS IV, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
  • Siebert, Ralph “Testing for Asymmetric Dynamic Oligopoly Models”, with Christine Zulehner, Computing in Economics and Finance, 182, Society for Computational Economics.
  • Siebert, Ralph “Strategic Choice of Partners: Research Joint Ventures and Market Power”, with Lars-Hendrik Röller, and Mihkel Tombak, CEPR Discussion Papers 2617, C.E.P.R. Discussion Papers.
  • Siebert, Ralph “Multiproduct Firms, Learning by Doing and Price-Cost Margins over the Product Life Cycle: Evidence from the DRAM Industry”, Econometric Society World Congress Contributed Papers 1535, Econometric Society.
  • Siebert, Ralph “Why Firms Form Research Joint Ventures: Theory and Evidence”, with Lars-Hendrik Röller, and Mihkel Tombak, CEPR Discussion Papers 1654, C.E.P.R. Discussion Papers.
  • Siebert, Ralph “The Impact of Research Joint Ventures on Firm Performance: An Empirical Assessment”, CIG Working Papers FS IV, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).

Contact

rsiebert@purdue.edu
Phone: (765) 494-3401
Office: KCTR 233

Quick links

Personal website

Area(s) of Expertise

Industrial Organization (theoretical and empirical), Health Economics, Applied Microeconometrics, Applied Econometrics, Business and Economics, Microeconomics, Operations Management, Law and Economics, Urban and Real Estate Economics, Experimental Economics