This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …

reduction in some countries have not been the accelerator sufficient for the global recovery. The general level of demand is low … demand, as well as the options available for removal of those causes and revitalization of the effects. One of the main … causes of decrease in demand in a long run is the asymmetrical distribution of income which has led to a reduction in …

The purpose of this article is to structure the extant knowledge on the determinants of microinsurance demand and to … microinsurance demand published between 2000 and early 2013. The review identifies 12 key factors affecting microinsurance demand … influences demand, both within the microinsurance and the traditional insurance markets. A comparison with traditional markets …