This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …

reduction in some countries have not been the accelerator sufficient for the global recovery. The general level of demand is low … demand, as well as the options available for removal of those causes and revitalization of the effects. One of the main … causes of decrease in demand in a long run is the asymmetrical distribution of income which has led to a reduction in …

We present, for the first time in the literature, empirical estimates of the supply and demand curves for the ocean …

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …