The present paper has as purpose the comparative analysis of the way in which sustainable development is approached within EU and Romania. By this analysis it is aimed to identify ways and solutions for improving the future strategy of sustainable development in Romania. Most quoted definition...

The study following to be presented was realised as result of documentation and processing statistic information required in view of realising the research work Priority Project III: “Build-up and development of the specific SME structure, economic incentivising and development factors”...

This is the first article in a series meant to identify secondary effects of fuel production and consumption.The article presents, in synthesis, the main ideas and contributions of the paper “Economic effects of biofuels production and consumption in Romania”, written by the authors in 2009...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...

We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...