The main goal of this paper is to propose a mathematical model which can be easily used by the strategic managers of any organisation that initiates a virtual enterprise in Romania. Therefore, the first step is to identify the main characteristics a potential partner in such a specific supply...

After the second World War, the classic supermarket innovated with the introduction of self service. Since then the notions of „supermarket” and „self-service” have become synonymous in the mind of large sections of the population. The corner shops have, in the mean time, developed into...

The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators. 

The main objective of the present approach is, first of all, to analyse the "transaction costs" concept and then to prove scientifically the relation transaction costs – institutions.

This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer...