This paper demonstrates how the transformation of the taxi industry is an example of Coase’s Theorem in practice. The Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is one of the simplest yet profound ideas in economics. The recent advent of new mobile app entrants in the...

In this manuscript, we intend to emphasize the influence of investments subsidies over the R&D activities in order to increase their economic benefits. Investments subsidies are used by the Governments as tools to reduce the market price of goods below its cost of production. The European Union...

The global economic crisis sets the idea of competitiveness and the ways of its achieving in the center of the economic debate. According to the comparative analyses and studies, Bulgaria is among the countries with lowest competitiveness in EU. At the same time the country is required to...

When we think of the Internet, we generally think of Amazon, Google, Hotmail, Napster, MySpace, and other sites for buying products, searching for information, downloading entertainment, chatting with friends, or posting photographs. In the academic literature about the Internet, however, these...

How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death—the gap between demonstrating the soundness of a...

E-business offers buyers and sellers a new form of communication and provides an opportunity to create new marketplaces. Theoretical studies suggest in general that the development of e-business results in higher firm performance as a result of lower search and head-to-head comparison costs....

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is conducive to long-term investments in new business...

The study of transformation and change is one of the most important areas of social science research. This paper synthesizes and critically reviews the emerging traditions in the study of change dynamics. Three mainstream theories of evolution are introduced to explain change: the Darwinian...

Extreme Light Infrastructure - Nuclear Physics Center (ELI-NP) in Bucharest-Magurele is one of the pillars of the international research program ELI-NP, along with other two centers to be developed in Hungary and the Czech Republic. The investment for the development center in Magurele amounts...

The global consultancy industry is at the moment a cyclical industry, and in fact there is a direct dependence with global economic trends. Economic growth stimulates an increase in budgets for consulting economic agents, and on the other hand the recession makes global scale companies spend...