How does bankruptcy affect the dynamics of aggregate consumption? We quantify the trade-off between the insurance and … aggregate consumption on impact because it allows borrowers to sustain consumption, but statutory exclusion from the credit … market reduces consumption smoothing over time and slows the recovery. Default costs play a crucial role in bankruptcy …

When we talk about the consumption of a food, we must take into account its importance for a balanced human diet, its … national level. The purpose of the paper is to analyze meat consumption in Romania in the period 2010-2020, starting from the …

The paper makes an analysis of socio-economic factors that influence food consumption levels in terms of income … dispersion of regional GDP per inhabitant and its influence on consumption taking into account the level of polarization among … show a quite high level of income dedicated for consumption and important disparities among social categories as far as the …

Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of … nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In … general, people are not risk averse anymore even if utility from divisible consumption is concave. I propose a definition of …