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...

Sociological reflection on medicine and health is based, on the one hand, on the multidimensional reality of the „health" phenomenon and on the other hand, on the old sense of sociology which is, according to its founders, a science of welfare and human freedom. In this respect, the problems...

Habits in a word, are a large category of social rules. They are as old as man and are the first regulations of conformist behaviour in human communities. Habits are spontaneously formed and occur due to the repeated and extended application of a conduct. A habit becomes a rule entered in the...

Economic growth is an increase of the results of an economic system in a particular time and space. Economic results are synthetically described by GNP or real GDP adjusted with the deflator on the whole or per capita. Sustainable development is the kind of development that satisfies the present...

­The literature devoted to economic development concerns itself in a growing de­gree with the role and importance of institutions­­­

Successful economic development is a process of successive upgrading. As nations develop, they progress in terms of their characteristic competitive advantage and modes of competing.