Romanian Abstract: Acest articol tratează o problemă de mare actualitate care se află pe agenda de lucru a guvernelor din toate statele membre ale Uniunii Europene şi anume aceea a asigurării pentru cetăţenii lor de venituri din pensie adecvate, viabile şi sigure. Articolul are ca...

The impact of introducing a tax on tobacco consumption can be studied trough an adverse selection model. The objective of the model presented in the following is to characterize the optimal contractual relationship between the governmental authorities and the two type employees: smokers and...

Uncertainty is given because we don’t know the nature state event. The company can only estimate the demand of policies in order to estimate the received premiums. If the insurance company doesn’t choose correctly the alternative and the number and the damages will be greater then...