Bankruptcy risk appreciates the company’s capacity of fulfilling its obligations in due time. A company may encounter difficulties determined by the covering of certain outstanding debts or by the acceleration of certain payments. Consequently, such difficulties are the effect of momentary...

The paper deals with the comparisonof living standards and investigates two normative methods ofderiving equivalizing transformations for a population whichhas different household types. The first one equates the utilitylevels of representative household members belonging to differenthouseholds....