Nowadays it is important that developing countries tap themselves fully to a new philosophy of development that is specific to the European Union and widely shared worldwide – namely the philosophy of transition from economic growth to sustainable development. Thus, concrete targets are now...

Today, globalization and economic and financial crisis are the terms used to describe changes in society and the world economy. It is widely agreed that globalization has increased international trade and cultural exchanges, removing economic barriers. Increasing interdependence in international...

Professor Tudor Drãganu, eminent jurist, has left the mark of a vast culture on the Romanian legal education, comprising three periods: the last decade of the interwar period, the socialist state period, (1945-1989) and the period of democracy born after the 1989 revolution. The science of law...

Law plays a crucial role in Williamson?s transaction cost economics but this aspect has been often undermined in the academic debates. This research article proposes to remedy to this lack in literature by making a critical review of the Williamson?s law and economics theory from the analysis of...

The authors analyse the present and coming financial consequences of the revolution caused by the new communication media (TV broadcast, DVD, internet…) towards the diffusion of literary and artistic works protected by intellectual property laws to an increasingly larger public. They...

We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our findings indicate that a reasonable average cost...

We examine the role of cross-listing in alleviating domestic market constraint and facilitating cross-border mergers and acquisitions. Cross-listing appears to strengthen the bargaining power of target firms, allowing them to extract higher takeover premiums relative to their non-cross-listed...

This paper wants to be both: an introduction to game-theoretical thinking as well as a game-theoretical discussion of Schiller’s Wallenstein. Note that the intention of this article is to convince theatergoers and people who work in the theatrical arts that it is worthwhile to study some game...

The paper reviews (in Czech) the main qualitative tools applied by (micro)economic analysis and surveys the main literature on the topic. Economics is often being criticised by its opponents for the use of unrealistic assumptions. On the contrary, my claim is that if economics has anything to...

One of the most controversial parts of F. A. Hayek's work is his theory of cultural evolution. By starting with current discussions on biological and cultural selection theories we bring individual, kin and group selection aspects together and shed some light on Hayek's thoughts on the Theory of...