We estimate the demand for a videocalling technology in the presence of both network effects and heterogeneity. Using a …

productivity. Agents are hit by heterogeneous productivity shocks, they observe their own productivity and a noisy public signal … regarding aggregate productivity. The shock to this public signal, or quot;news shock,quot; has the features of an aggregate … demand shock: it increases output, employment and inflation in the short run and has no effects in the long run. The dynamics …

are not. We then describe the patterns found in the data and argue that firm and market specific demand shocks help …

competition from demand shocks in export markets – and the induced product mix reallocations – induce productivity changes within … the firm. We then empirically test for this connection between the demand shocks and the productivity of multi …-product firms exporting to those destinations. We find that the effect of those demand shocks on productivity is substantial – and …

equilibrium approach that considers both demand and supply responses. We demonstrate that the equilibrium impact of capital gains … taxes reflects both the capitalization effect (i.e., capital gains taxes decrease demand) and the lock-in effect (i …

rising relative wages and quantities of high-skilled labor. We develop a theory where demand shifts toward ever more skill …

demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …

-induced reductions in demand elasticities would predict an increase in pharmaceutical firms' optimal prices. However, Part D plans could …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and …