affect consumer prices, and (iii) international trade is disregarded. Results in this paper indicate that these limitations …

This study examines Tennessee and Pennsylvania consumers market participation for environmentally certified hardwood … the effects of scope of certification and demographics on premium amounts, and builds profiles of consumers who are …, young, female and low-income consumers had consistently positive influence on willingness to pay. Consumers who indicated …

) of Hungarian and Romanian consumers following food price changes as a result of accession to the European Union (EU) in … basket of 16 products. The results show that real food prices have changed with some going up and others falling. However …, overall both Hungary and Romania have experienced a rise in real food prices by 9 per cent and 20 per cent, respectively. The …

markets based on wages and prices. Firms experiment with prices and employment levels to maximize their profits. We developed …-firm economies converge toward the competitive equilibria typified by lower prices and higher output and employment, but also suffer …

. However, we find that competition also leads to churn by consumers seeking lower prices, making it difficult for firms to … optimize with respect to wages, prices, and employment levels. Thus, competitive firms generate market ''noise'' in the steady … multiple-firm economies converge toward the competitive equilibria typified by lower prices and higher output and employment …

most of the individual forecasts in the Consensus survey data set have fairly good properties with respect to unbiasedness …

' forecasts showed less dispersion in the post-reform period. In respect of informational efficiency, we find evidence of a …

Energy forecasts are widely used by the U.S. government, politicians, think tanks,and utility companies. While short …-term forecasts were reasonably accurate, medium andlong-range forecasts have almost always been highly erroneous. In the U.S. many … energypolicy decisions are driven by Annual Energy Outlook (AEO) forecasts prepared byEnergy Information Association (EIA). This …