Pricing idiosyncratic products is often challenging because the seller, ex ante, lacks information about the demand for … structure and a seller that learns about item-specific demand through the selling process. The model is estimated using novel … panel data of a leading used-car dealership. Policy experiments are conducted to quantify the value of the demand …

about the demand distribution, whereas the supplier who is less familiar with the market is endowed only with a prior belief … about the market condition. When the supplier cannot observe the demand realization during the first selling period, she … opportunity for the supplier to observe demand realization can result in the supplier offering the manufacturer a simple contract …

Demand of passive index tracking funds has fared as a convincing explanation to justify the large positive (negative … despite the sharp increase in passive investing, large fraction of abnormal returns in the direction opposite to what demand … predicts, and substantial abnormal returns before the index announcements suggest that demand of index funds doesn’t seem to be …