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 …

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 …

empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We … combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium … decisions. The main finding is that demand for property and catastrophe insurance are not very different and that the demand for …

demand by residential households for water. It uses the changes in distributions of water using the census block group levels …

This paper estimates the price elasticity of demand for alcohol using Health and Retirement Survey data. To account for …

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from –0:09 in the first six months to –0:27 two years later. We also estimate a …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and …

advertisements for menthol cigarettes on cigarette demand. Unlike previous research on cigarette advertising and demand, we use … to control for individual heterogeneity that influences both advertising exposure and cigarette demand. We exploit quasi … advertising effects on multiple margins of cigarette demand. Our empirical results do not provide any evidence that menthol …

Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the U ….S. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline … expenditures, we consistently find the price elasticity of demand to be an order of magnitude larger than estimates from recent …