We study the liquidity demand of large settlement banks in the UK and its effect on the Sterling Money Markets before … amount of payment activity and more so for weaker banks. We establish that the liquidity demand by settlement banks caused …

the insurance cost explain between 34 and 37 percent of the relationship between the default and flood insurance demand …

This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that … fraction of the energy charge and the identity of the half-hour periods when demand charges occur are only known with certainty …

We develop an estimator for the parameters of a utility function that has interactions between the unobserved demand … contraction can still be used to recover the mean utility term that now contains both the demand error and the interactions with … and we show together they are sufficient for identification of all of the demand parameters. A major advantage of our …

our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … military action. In the case of inelastic resource demand, war incentives increase over time and war may become inevitable. Our …