In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...

We develop a new approach using market-level data to model, identify, and estimate a dynamic discrete choice demand model for durable goods with continuous unobserved product-specific state variables.

Aggregate planning is a technique for adjusting production to the ups and downs of demand. An aggregate plan gets its name from the fact that it must include demand forecasts, resources and capacity ...

Sometimes external forces in the economy throw the supply and demand for a product or service out of whack. Trade quotas are a common and powerful example of one such external force. One way ...

Increases in credit and debit card spending is fueling aggregate demand and helps explain why the current bout of inflation has not been transitory and will run hot for some time. Exiting 2021, total ...