demand for car insurance. ? the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk …

-dynamics that gave rise to different patterns of innovation in the two countries. In particular, we suggest that different demand …

model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …

demand for movies per inhabitant. Furthermore, we test for the long run relationship and evaluate the elasticities of demand …

derivation builds a permanent income type consumption demand that corresponds to a consumption theory that depends on current …

demand for first-generation wireless services using (i) consumerlevel panel data from a real world pricing experiment and (ii … conditional usage probability small. Demand for first-generation wireless services was highly elastic and the welfare gains to an … (early) adopter moderate. Pricing and taxation of wireless services had a large suppressing effect on demand …

We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …

This report provides estimates of structural (demographic) housing demand at a regional level. Any assessment of … structural future housing demand relies on assumptions around (1) population growth, (2) headship rates (the typical household … size) and (3) rates of obsolescence of the housing stock. Each of these key drivers of structural housing demand is subject …