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 …

-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …

dimensions of heterogeneity: firms specific productivity shocks and firm-market specific demand shocks. The structural parameters …

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 …

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

elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first … way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show …