countrywide gun demand shock starting in late 2012, we show that U.S. states with legislation preventing immediate handgun …

-entry dynamics of quantities, but no post-entry dynamics of markups. This suggests that shifts in demand play an important role in … successful entry, but that firms do not use dynamic manipulation of markups as an instrument to shift demand. We structurally … advertising to acquire new customers and thereby shift demand and increase sales. In the second, they use temporarily low markups …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …

, firms standing in competition always - i.e., independent of the consumers’ valuation - offer bonus contracts. Thus …, competition does not eliminate but rather exacerbates inefficiencies arising from contracting with focused agents. Common contract …

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation … lead to indebted household demand, pushing down natural interest rates. Moreover, popular expansionary policies—such as …

We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity … rose to about -0.2 in 2015-16, but has remained stable since 2016. Gasoline demand is more responsive in states with lower …

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic … identify demand elasticities across hotel room types and over time. We confirm these elasticity estimates with a difference …-function approach to two classic questions in the dynamic pricing literature: the evolution of price elasticity of demand over time as …

Using a large-scale online experiment with more than 8,000 U.S. respondents, we examine how the demand for a politics … newsletter changes when the newsletter content is fact-checked. We first document an overall muted demand for fact-checking when …-checking reduces demand among respondents with strong ideological views and increases demand among ideologically moderate respondents …

associated with lower IT prices in European countries. The fall in IT prices has increased the demand for high wage occupations … and reduced the demand for medium wage occupations. Nearly 25 percent of the variation in the demand for occupations can …