I discuss economic approaches to the demand for harmfully addictive substances and estimate time-series demand …

We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous. When a …

This paper provides an empirical estimate of price' and risk' elasticities of demand for term life insurance for those …

countries with larger demand for some products at home tend to have larger sales of the same products abroad. In this paper, we … demand. We find that the correlation between predicted home demand and sales abroad is positive and greater than the … correlation between predicted home demand and purchases from abroad. In short, countries tend to be net sellers of the drugs that …

. Our approach allows for demand shocks for individual goods (to rationalize micro data) while preserving a money … from demand shocks introduces a "consumer-valuation bias," which is analogous to the well-known "substitution bias," and …

We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products … sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their … multi-product firms and derive the specific demand conditions needed to generate these product-mix reallocations. These …

account of selection on idiosyncratic demand, there are economically and statistically significant dynamics of quantities, but …-price actions (e.g. marketing and advertising), and learn gradually about their idiosyncratic demand. The model matches quantity … demand, both of which generate sluggish responses of sales to shocks …

Demand for insurance can be driven by high risk aversion or high risk. We show how to separately identify risk …

We estimate demand for residential broadband using high-frequency data from subscribers facing a three-part tariff. The … demand under alternative pricing and find that usage-based pricing eliminates low-value traffic. Furthermore, we show that …