Harvard Business Review

MARCH 16, 2017

A drug company must incur a large fixed cost to do the basic research, so it has strong incentives to predict what the demand for the drug will be if its research succeeds. The higher the market demand for a drug, the greater the probability that at least one drug maker conducts basic research. In our model, a rational agent demands climate-adaptation products in order to increase the chance that they survive to enjoy future consumption.

Aggregate Demand 2

Aggregate Demand Article Incentives Development 2

Harvard Business Review

FEBRUARY 15, 2013

The idea is important because we need demand in this economy in order to create jobs. Domestic demand is being constrained because our government is trying to get its fiscal house in order. Demand is deficient and you need a strategy to fix that. But a jobs strategy has to be based on aggregate demand throughout the economy. An edited interview with Robert Z. Lawrence , the Albert L.

Aggregate Demand 1

Aggregate Demand Price Proposal Consensus 1

Harvard Business Review

MARCH 22, 2011

Transportation disruptions and the closing of many factories throughout Japan will shrink Japanese aggregate demand and disrupt supply chains worldwide. Human suffering is certainly our main concern in the immediate aftermath of Japan's 3/11 tragedy. But even as we focus on immediate human needs, we cannot avoid recognizing — and coping with — the long economic shadow cast by this disaster. The direct impact on real economic activity worldwide is already being felt.

Crisis Management 0

Crisis Management GDP Aggregate Demand Supply Chain 0