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In response to the perceived quality of a public good, households may choose to incur averting expenditures as a substitute to its aggregate provision, thereby revealing an (inverse) demand function. When unobserved heterogeneity affects both perceived quality and averting behavior,...
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The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation targeting, compares inflation targeting to...
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Energy poverty, long considered a problem limited to developing countries only, is now widely acknowledged as a challenge for advanced OECD countries as well. How energy poverty is perceived depends on the conceptualization and assessment of the underlying phenomena: inappropriately high costs...
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The paper presents the research results on the evolution of indicators of economic efficiency in the milk production at … Alba de Banat and Carpatina breeds, for a period of 3 years, during 2012-2014, at S.C. AGROFAM HOLDING Feteşti. Indicators … indicators are largely decreasing from year to year, with limits that support the efficiency of production activity. …
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