in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and …. Because there is heterogeneity among buyers in the valuation of a given house, sellers set prices strategically. When demand …

, as the disaster risk increases, customers demand more puts as insurance while market makers become more credit …

Are financial crises a negative shock to demand or a negative shock to supply? This is a fundamental question for both … as demand-side shortfalls. Conversely, arguments for tax cuts and structural reform often proceed from supply … demand shocks, contract imports, leave exports largely unchanged, and depreciate the real exchange rate. Firm deleveraging …

economic analyses of supply, demand and harms …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply …

demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which …

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation … uncertainty about the identifying assumptions themselves. We use this approach to revisit the importance of shocks to oil supply … a smaller factor than implied by earlier estimates. Supply shocks lead to a reduction in global economic activity after …

of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the … for capturing salient features of housing demand observed in the PSID. After estimating the model we use it to simulate …