Estimating Demand

Thanks for the helpful summary Jason.

Actually I forgot how this was done so I just winged it. Thanks for the correction.

Apart from that, I need to think more about what everyone has said before replying. But I think there is a pretty convincing multifactorial solution (or solutions) emerging.

I just reviewed a very interesting article for a journal called ā€œHistorical Materialismā€ which reviews a very large and interesting literature about estimating consumer demand. The article includes a great deal of information about new technologies being used by companies like Amazon, and also goes back over much of the ā€œold, socialist calculation debateā€ literature. Assuming the article gets published, it is a valuable source of information on this topic. And perhaps we can induce the author to join us on the forum… when I find out who he or she is!

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Yes, please. Look forward to reading it. Sounds like exactly the kind of important research that can help inform this discussion.