This paper argues that firms' balance sheets were instrumental in the transmission of consumer demand shocks during the … firms experienced significantly larger employment losses in response to declines in local consumer demand. These results are … with more highly levered firms experienced significantly larger declines in employment in response to local consumer demand …

The structure and regulation of consumption and demand has recently become of great interest to sociologists and … economics literatures address issues of innovation, demand and consumption. It goes on to offer different approaches to the … economics of demand and innovation through an evolutionary framework, before reviewing how consumption fits into evolutionary …