In developed countries, insurance is a part of education, tradition and even of life, while in Romania, now, we can talk on education at the population level in this area. The extent of all risks that affect an increasing number of persons and legal entities, requires the strict necessity to...

Many governments try to stabilize commodity prices based on the widespread belief that households value price stability and that the poor especially benefit from food price stabilization. We derive an exact measure of multivariate price risk aversion and of associated household willingness to...