importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in …

This is the first paper to investigate the determinants of the demand for medical care in the People's Republic of … characteristics and work conditions impact the demand for medical care. Income elasticity is around 0.3, indicating medical care is a … necessity. Medical care demand is price inelastic, and price elasticity is larger in absolute value for poorer households …

market. This paper examines the initial effects of the tax subsidy on the demand for health insurance using previously …

approximately $140 million or 7.5 percent of current coverage. As expected, tax effects vary with the elasticity of demand. When … demand is largely inelastic, e.g., automobile liability coverage, taxes do not affect self-insurance …

demand is a key factor in deviations from the steady-state growth path with a Keynesian-type spending multiplier despite the …

We argue that recoveries from demand-driven recessions with expenditure cuts concentrated in services or non … towards more durable goods, the less the recovery is buffeted by pent-up demand. We show that, in a standard multi …-sector business-cycle model, this prediction holds if and only if, following an aggregate demand shock to all categories of spending …

Demand elasticities and other features of demand are critical determinants of the answers to most positive and … normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an … discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and …

The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that …, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact …