the viewers' equilibrium demand for high quality content. We find that, although consumers dislike advertisements, an …

investigation into the relationship between a good's factor intensity in production and its income elasticity of demand in … and income elasticity of demand for several types of preferences, with and without accounting for trade costs and …

The effect of expert opinion on demand for experience goods is difficult to quantify, as the relationship between … purchases and reviews may be driven by product quality. Further, it is unclear whether a review-based demand effect is due to … positive average consumer response to expert opinion labels for wine. Demand decreases for low-scoring wines and increases for …

proposes a theory of firm dynamics emphasizing the interaction between learning about demand and quality choice to explain the …

. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute …

The paper provides a brief exposition on the logic underlying demand for quality-differentiated products. The argument …

fall in aggregate demand, and was stronger for smaller firms' exports and in the countries where households could …