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Rules for Participation in and Implementation of COST Activities
Rules for Participation in and Implementation of COST Activities

... principles and rules defined in the present document. In case of any contradiction, the “COST Rules for Participation in and Implementation of COST Activities” shall prevail. They are CSO decisions. The third level of the rules encompasses the COST Vademecum describing the financial rules as well as ...
Accuracy and Sophistication in Activity Based Costing System
Accuracy and Sophistication in Activity Based Costing System

... (Drury and Tayles 2005) identified a product costing system with high level of sophistication as consisting of many cost pools and many cost drivers including volume- and non-volume-based cost drivers transaction, duration, and intensity cost drivers. They argued that sophistication will be affected ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Studies in the Economics of Aging
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Studies in the Economics of Aging

... It is very likely that W2 exceeds W,, since the former is defined as earnings between ages 30 and 60 and the latter as earnings between ages 0 and 30. If so, then S , > S , , because the usual equilibrium condition is that (1 + p) = 1/6. This is the intuitive and empirically valid result that indivi ...
Conflictive gambles
Conflictive gambles

... rating or pricing) has been shown to affect preferences, so this should be the next step. The endowment effect was decidedly stronger for conflictive and ambiguous gambles than for risky ones. However, in our study the standard betting interpretation of lower and upper probabilities does not seem to ...
Document
Document

... temperature also increases viscosity of the seawater which reduces the rate of ciliary action (Larsen ...
Pre print 2012
Pre print 2012

... of human and social life,2 and it is well known that the expression has also been discussed in such a much wider sense by Derrida and Baudrillard.3 Known is also that these discussions draw heavily on the ideas of Georges Bataille,4 and in commemoration of the 50th anniversary of the death of Batail ...
Resource productivity, competitiveness and environmental policies
Resource productivity, competitiveness and environmental policies

... that recently gained significant interest in scientific and political discussions. Resource productivity can be defined as a measure of resource use divided by GDP. It is believed to be indicative of the amount of resources we need to obtain our current level of GDP. Over the last 50 years, resource ...
Lesson I-5: Surplus and Efficiency, Chapter 4
Lesson I-5: Surplus and Efficiency, Chapter 4

... Consumer Surplus, Producer Surplus, and the Gains from Trade  The previous graph shows that both consumers and producers are better off because there is a market in this good; that is, there are gains from trade. ...
The Meaning of Consumption
The Meaning of Consumption

... presented in books and academic journals related to consumer studies and the sociology of consumption. The thesis does not assume to provide a complete analysis or full concept explication of all available literature, but I have intended to include what appears to me to be the most influential sourc ...
Meaning of Production Function
Meaning of Production Function

... internal and external diseconomies. Returns increase in the same proportion. So that there are constant returns to scale over a large range of output. Here the curve of returns to scale is horizontal. In the diagram CD shows constant returns to scale. It means that the increments of each input are c ...
Conflictive gambles
Conflictive gambles

... gambles are valued more highly than the ambiguous and conflictive gambles, but the ambiguous and conflictive valuation means do not significantly differ. Hypothesis 3 is well-supported. There are greater differences between buying and selling prices (i.e., the endowment effect) for the ambiguous and ...
Efficiency, Exchange, and Auction
Efficiency, Exchange, and Auction

... damage is, say, $25; in the other, it is $75. The rancher will raise an additional cow in the first case; he will not in the second. These results are independent of the initial assignment of entitlements. In the first case, if the state assigns the farmer the right to prohibit a second cow, the par ...
the interaction of resource and labour productivity
the interaction of resource and labour productivity

... capital, and resources. The question is to what extent growth comes from improved resource productivity and what the implications are when resource use is treated as separate input factor. Resource use has long been neglected in economic theory and has entered the stage only recently. However, for p ...
Firm / Production Costs 7 Cost Concepts (Short-run)
Firm / Production Costs 7 Cost Concepts (Short-run)

... – As additional units of a variable factor are added to a fixed factor, beyond some point the additional product from each additional unit of the variable factor decreases. ...
Answers to the Problems – Chapter 10
Answers to the Problems – Chapter 10

... being considered, so your students’ answers might vary. Assume we are studying a farmer who, in the spring, is determining what to grow on an acre of soil. So the farmer has already prepared the ground but has not yet purchased any seed. In this case, the land preparation cost, $72.36 an acre, is a ...
Whitepaper Wastewater treatment in the dairy
Whitepaper Wastewater treatment in the dairy

... Depending on the volume of surplus whey which is produced, the biogas created from fermentation and its subsequent conversion to energy may be able to cover the entire primary energy needs in a milk processing company. This was demonstrated in a pilot project at the Norrmejerier dairy factory in Ume ...
Energy Subsidies: Lessons Learned in Assessing - UNEP
Energy Subsidies: Lessons Learned in Assessing - UNEP

... Conclusions References ...
Environment versus growth — A criticism of “degrowth” and a plea
Environment versus growth — A criticism of “degrowth” and a plea

... cigarettes, not to drink too much alcohol, not to drive too fast, not to have unsafe sex, and not to eat unhealthy or too much food, they might warn against working too much. This strategy might even hope for more support now in times of crisis characterized by high rates of unemployment. Ironically ...
Theories concerning Static Short-Run Cost Functions
Theories concerning Static Short-Run Cost Functions

... Strictly speaking, the marginal cost curve shows the rate of increase of total combined cost, but approximately it can he taken to indicate the additional cost that must be incurred if output is increased by one unit. The behavior of the marginal cost function is shown by the curve MCC in Chart 2. I ...
What is direct selling ?—Definition, perspectives, and research
What is direct selling ?—Definition, perspectives, and research

... 1.Are there some principles regarding direct selling that have universal application? 2.Is there a relationship between a country’s extent of economic development and the relative success of direct selling vis-à-vis other distribution method ? 3.Direct selling firms are expanding internationally at ...
What is direct selling ?—Definition, perspectives, and research
What is direct selling ?—Definition, perspectives, and research

... 1.Are there some principles regarding direct selling that have universal application? 2.Is there a relationship between a country’s extent of economic development and the relative success of direct selling vis-à-vis other distribution method ? 3.Direct selling firms are expanding internationally at ...
PDF File - Michele Boldrin
PDF File - Michele Boldrin

... scale replication takes place at a low and practically constant marginal cost. To avoid future misunderstandings, let us stress here that the expression “goods embodying the new idea” may mean either the new good in the strictest sense, or a set of capital tools needed to produce it, or a body of kn ...
Welcome to the Presentation on Marginal Costing
Welcome to the Presentation on Marginal Costing

... Marginal costing may be defined as the technique of presenting cost data wherein variable costs and fixed costs are shown separately for managerial decisionmaking. It should be clearly understood that marginal costing is not a method of costing like process costing or job costing. Rather it is simpl ...
Item 8 - Prescribing Update
Item 8 - Prescribing Update

... For 12/13, there are two main areas for efficiency savings delivery within prescribing. Significant efficiency savings have been identified for the 2012/13 financial year from the anticipated benefit arising from the generic availability of Atorvastatin and from other generic savings, as highlighted ...
The long run discount rate controversy Christian Gollier Toulouse
The long run discount rate controversy Christian Gollier Toulouse

... developed over the last two centuries to make them comparable by discounting.1 The discounted (or present) value of a future benefit is the immediate benefit that is considered to be socially equivalent to that future benefit. An action is considered desirable if its Net Present Value (NPV), i.e., t ...
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Rebound effect (conservation)

In conservation and energy economics, the rebound effect (or take-back effect) is the reduction in expected gains from new technologies that increase the efficiency of resource use, because of behavioral or other systemic responses. These responses usually tend to offset the beneficial effects of the new technology or other measures taken. While the literature on the rebound effect generally focuses on the effect of technological improvements on energy consumption, the theory can also be applied to the use of any natural resource or other input, such as labor. The rebound effect is generally expressed as a ratio of the lost benefit compared to the expected environmental benefit when holding consumption constant. For instance, if a 5% improvement in vehicle fuel efficiency results in only a 2% drop in fuel use, there is a 60% rebound effect (since (5-2)⁄5 = 60%). The 'missing' 3% might have been consumed by driving faster or further than before.The existence of the rebound effect is uncontroversial. However, debate continues as to the size and importance of the effect in real world situations.There are three possible outcomes regarding the size of the rebound effect:The actual resource savings are higher than expected – the rebound effect is negative. This occurs if the increase in efficiency reduces costs. (Usually through government mandate)The actual resource savings are less than expected savings – the rebound effect is between 0% and 100%. This is sometimes known as 'take-back', and is the most common result of empirical studies on individual markets.The actual resource savings are negative – the rebound effect is higher than 100%. This situation is commonly known as the Jevons paradox, and is sometimes referred to as 'back-fire'.The full rebound effect can be distinguished into three different economic reactions to technological changes: The direct rebound effect refers to increases in consumption of a good because of the substitution effect from lower cost of use. Indirect rebound effects come about from the income effect as decreased costs enables increased household consumption of other goods and services. Economy wide effects occur because improved technology creates new production possibilities and increases economic growth.In order to avoid the rebound effect, environmental economists have suggested that any cost savings from efficiency gains be taxed in order to keep the cost of use the same.
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