About

Federico Ciliberto is a professor in the Department of Economics at the University of Virginia. His fields of interest include Empirical Industrial Organization, Applied Microeconomics, and Applied Econometrics. He holds a Bachelor of Arts degree from the University of Florence, a Master of Arts from Northwestern University, and a Doctor of Philosophy from Northwestern University. His research focuses on empirical analysis within industrial organization and microeconomics, applying econometric methods to understand economic phenomena. Further details about his specific contributions or publications are not provided on the page.

Research topics

• Business
• Industrial organization
• Economics
• Microeconomics
• Advertising

Selected publications

• Dialogue in Political Advertising: Evidence from U.S. Political Campaigns 2012-2020

  SSRN Electronic Journal · 2025-01-01 · 1 citations

  preprintOpen access
  PublisherDOI

• Aircraft Ownership Dynamics: Patterns of Duration and Transition in U.S. Commercial Aviation

  SSRN Electronic Journal · 2025-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• <p>Regulatory Arbitrage in the Market for Player Rights: <span>Evidence from European Soccer</span></p>

  SSRN Electronic Journal · 2025-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• Bridging Retrospective and Prospective Merger Analyses: The Case of US Airline Mergers

  SSRN Electronic Journal · 2025-01-01

  preprintOpen accessSenior author
  PublisherDOI

• Bridging Quasi-Experimental and Structural Approaches for Robust Evaluation of US Airline Mergers

  arXiv (Cornell University) · 2025-03-20

  preprintOpen accessSenior author

  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 structural model, where demand and cost parameters identify price effects of mergers even when the DiD approach faces identification challenges. Second, we propose a $\textit{synthetic GMM}$ approach by applying synthetic DiD weights to structural moment conditions to improve estimates when only a few treated markets are available. Applying this methodology to three airline mergers, we find modest efficiency gains entirely offset by increased coordination. The synthetic GMM refinement sharpens findings, uncovering anti-competitive effects standard approaches miss.

  PublisherOA PDFDOI

• Economic Analysis in Antitrust Litigation: Empirical Evidence from the Courts, 1890-2018

  SSRN Electronic Journal · 2024-01-01 · 1 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• Common Subcontracting and Airline Prices

  The Review of Economics and Statistics · 2024-02-09 · 6 citations

  articleCorresponding

  Abstract In the U.S. airline industry, independent regional airlines fly passengers on behalf of several national airlines across different markets, giving rise to common subcontracting. On the one hand, we find that subcontracting is associated with lower prices, consistent with the notion that regional airlines tend to fly passengers at lower costs than major airlines. On the other hand, we find that common subcontracting is associated with higher prices. These two countervailing effects suggest that the growth of regional airlines can have anticompetitive implications for the industry.

  PublisherDOI

• Replication data for: Common Subcontracting and Airline Prices

  Harvard Dataverse · 2023-12-26

  datasetOpen access

  The code in this replication package is the code used for the analysis in Aryal, Campbell, Ciliberto, and Khmelnitskaya (2023), Review of Economics and Statistics. The data are organized and estimated using STATA and some figures and tables are generated using MATLAB, R and LaTeX. This package can generate most of the figures and tables (including the main results) in the manuscript. The missing figures and tables are generated in either LaTeX, R or MATLAB. We provide Stata codes that generate the necessary data that can then be exported appropriately to generate those figures and tables.

  PublisherDOI

• Common Subcontracting and Airline Prices

  arXiv (Cornell University) · 2023-01-15

  preprintOpen access

  In the US airline industry, independent regional airlines fly passengers on behalf of several national airlines across different markets, giving rise to $\textit{common subcontracting}$. On the one hand, we find that subcontracting is associated with lower prices, consistent with the notion that regional airlines tend to fly passengers at lower costs than major airlines. On the other hand, we find that $\textit{common}$ subcontracting is associated with higher prices. These two countervailing effects suggest that the growth of regional airlines can have anticompetitive implications for the industry.

  PublisherOA PDFDOI

• Valuing Pharmaceutical Drug Innovations

  SSRN Electronic Journal · 2023-01-01 · 3 citations

  articleOpen access
  PublisherDOI

Recent grants

• NIH Grant R03HD061514

  NIH · $179k · 2013

Frequent coauthors

• Jonathan W. Williams

  21 shared

• Gaurab Aryal

  18 shared

• Benjamin T. Leyden

  Cornell University

  15 shared

• Jūra Liaukonytė

  11 shared

• Simon P. Anderson

  Center for Economic and Policy Research

  11 shared

• Carola Schenone

  University of Virginia

  10 shared

• Régis Renault

  10 shared

• Elie Tamer

  9 shared