Advertising can rotate the demand curve if it changes the dispersion of consumers' valuations. We provide an elasticity form measure of the advertising-induced demand curve rotation in five demand models and test for its presence in the US non-alcoholic beverage market. The Almost Ideal Demand...

Financial markets exhibit an asymmetric news effect with unexpected low prices generating more price volatility than quot;newsquot; of high prices. The present study examines US food markets for such asymmetric news effects. Analysis of 25 years of monthly data for 45 retail food items shows...

This paper studies the spatial effect of employment growth on population growth in Florida's counties by developing a regional growth model as spatial panel simultaneous equations model of population and employment using county data for the period 1990-2010. Partial lag adjustment is introduced...