off. The existence of a ranking changes the demand structure of consumers. With rigid prices and rationing, the change can … be detrimental to consumers due to its effect on rationing. Furthermore, this change in demand can also be detrimental …

In this paper I develop the Discrete Choice Analytically Flexible (DCAF) model of demand for differentiated products …. DCAF relaxes the constraints imposed on the matrix of own- and cross-price elasticities of demand by popular analytic …-price elasticities of demand. Under well defined constraints on the parameters, which may or may not be imposed in estimation, DCAF is …

UK to (i) document these differences; (ii) estimate a demand system for food and nutrients, and (iii) simulate …

debates about asset markets. We begin with examples of demand shocks that generate mispricings, arguing that they can stem …

. When demand is linear, a small restriction on price only increases consumer surplus if the elasticity of demand exceeds the … elasticity of supply; with log-linear or constant-elasticity, demand consumers are always hurt by price controls. The results are … between the demand curve and the industry marginal-revenue curve. …