to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is …

residual demand approach advanced by Goldberg and Knetter (1999). The empirical evidence for the American destination market …

unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over … individuals' lifetimes. The presence of demand type heterogeneity leads to the possibility that optimal GR contracts may have a … whose type turns out to be high risk but low demand renew more of their GR insurance than is efficient due to the attractive …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … enforcement. -- cartel formation ; demand linkage ; antitrust enforcement …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic …

steel, the trade flows result more from short-term regional disequilibria between supply and demand than from international …

demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are …

demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who … are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether …