Lobby activities are often likened to the misuse of authority and bad practices.

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...

Recently, in February 2006, the Romanian government has approved the introduction of the tax on vices – on the products heavily affected the health if consumed (cigarettes and alcohol) - The tax set up is 10 euro/1.000 cigarettes, meaning 20 eurocents/cigarette pack, and 200 euro/hl...

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...

Correlation of industrial structures and their dynamics in the process of environmental degradation has become a criterion for assessing the performance of national economy, given that currently the environment as a whole, is regarded as an economic resource [1 ] .The evolution of dominance of...