Demand for insurance can be driven by high risk aversion or high risk. We show how to separately identify risk …

I provide three comparative statics involving the level of demand uncertainty for the newsvendor model, two of which … lead to robust predictions. I show that for distributions of demand that are greater in the dispersive order, both the …

uncertainty. We completely characterize the relationship between changes in risk aversion and classical demand theory. We show …

Demand response program is being implemented in the National Electricity Market of Singapore, which boosts the … flexibility of demand side to actively participate in the real-time electricity market. Meanwhile, it is also significant to … considering demand response with uncertain and correlated nature of electricity loads. To this end, a data-driven Dirichlet …