Dynamic Contracting under Permanent and Transitory Private Information

To understand how firms create and maintain long term relationships with consumers, or how procurement relations evolve over time, it is useful to study a dynamic variant of the classical two-type-buyer contract in mechanism design. It is less trivial and more interesting if the utility determinant (or utility type) is not fixed or completely random, and fair assumptions are that it is either stochastic, or given by a distribution whose parameters are common knowledge. The first approach is that of Battaglini (2005), while the second is pursued in this paper. With two possible types of buyers, the buyer more likely to have a high utility type will receive the first-best allocations, while the other will receive the first best only if he has the high utility type

COMPARATIVE REVIEW OF TAXES IN THE EUROPEAN UNION DURING THE PERIOD 1995-2007

The tax burden has constantly increased in the countries of the European Union at the end of the 90’s, largely reflecting an expansion of the public sector. During that period, many EU countries adopted measures to lower taxes, but the tax system level is still high compared with other countries. The mix of tax policies is very different from country to country.tax burden, tax policy

The Cyclicity as Evolution Form of Economic Activities

The persistent of cycles was remark even to the 19th century economists and the rigorous theory of fluctuation or bussines cycle are take form past century. In the analyses dynamics macroeconomic area is can observe a big variety of method and techniques for research fluctuates from economy and financial date. A complex way for evidence the economic cycles is to determine limits cycles for the dynamical system which model the economic phenomenon.cyclic evolution, dynamical modeling, nonliniarity

IMPACT OF GLOBALIZATION ON MACROECONOMIC POLICY

Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in some countries that were poor 20 years ago have been positive aspects of globalization. But globalization has also generated significant international opposition to concerns about increased inequality and environmental degradation. There are many definitions of globalization. One of them could be: globalization is an ecosystem in which economic potential is no longer defined or contained by political and geographic boundaries. Economic activity has no bounds in a globalized economy. A globalized world is one where goods, services, financial capital, machinery, money, workers and ideas migrate to wherever they are most valued and can work together most efficiently, flexibly and securely. Where does economic policy come into play in this world? This paper presents some aspects of globalization and the impact on the new strategy of macroeconomics policy.globalisation, economic trends, macroeconomic policy

THE QUALITY IMPORTANCE IN A PROJECT MANAGEMENT COMPLEXITY ENVIRONMENT

A project is a temporary endeaver undertaken to creat a unique product, service or result. The temporary nature of project indicates a definite beginning and end. The end is reached when the project’s objectives have been achieved or when the project is terminated becouse its objectives will not or cannot be met, when the need for the project no longer exist. Temporary does not necessarily mean short in duration. Temporary does not generally apply to the product, service, or result created by project; most projects are undertaken to create a lasting outcome. For example, a project build a national monument will create a result expected to last centuries. Projects can also have social, economic, and environmental impacts that far outlast the projects themselves.

THE EFFECTS OF THE WORLD ECONOMIC CRISIS ON THE EMPLOYMENT IN THE AUTO INDUSTRY

The paper aims to realize an analysis of the employment evolution in Romania and in all the European Union member states in the context of the economic crisis, with an emphasis on the employment on the auto industry, one of the most affected sectors by this crisis. In the same time, we will analyze the employment policies for soften the impact of the economic crisis on the labor market. We will also analyze the link between the employment rate, labor productivity per employee and the car production and export. The unprecedented crisis in global financial markets which gathered pace last year has led to the most severe recession since the Second World War, affecting the wider economy and increasingly impacting on labor markets in the EU. After many years of relatively high growth and job creation the global financial crisis and its repercussions on the real economy are hitting businesses, jobs and households. As unemployment continues to rise, the spotlight has fallen more and more on limiting the effect of the crisis on jobs and addressing the social impact. Acting in concert, the EU has already taken important steps to address the fallout from the crisis, having taken action to prevent a meltdown in the financial markets last autumn. In December it agreed to put in place a European Economic Recovery Plan to lessen the effects of the downturn and create the conditions for recovery. The top employment challenge for the EU must be to minimize job losses, prevent unemployment from becoming entrenched, favour transitions back into employment and boost job creation, and pave the way for economic renewal and for sustainable recovery and growth.labor market, employment, auto industry, economic crisis, employment policies

SERVICE QUALITY MANAGEMENT THROUGH CUSTOMER ORIENTATION

Quality management represents everything an organization shouldensure/accomplish in order to have products which will satisfy the clients’ requestsconcerning quality and the requests of the existent regulations. According to the ISO9000:2000 standard, quality management coordinates activities in order to direct and controlan organization regarding quality. Quality coordination and control generally includessettling a policy concerning quality and quality objectives, planning, control, assurance andimprovement. The main task of service quality management is ensuring that services areprovided at the quality standards requested or expected by the clients, customer orientation. Being customer orientated means being capable to: ââ¬Â¢ build efficient relationships with the customers; ââ¬Â¢ offer clients reliable and high quality services; ââ¬Â¢ help customers find the suited way to satisfy their wishes; ââ¬Â¢ follow the clients’ feedback in order to improve the services’ quality.quality management, principles, customer

Plastic mechanisms for thin-walled cold-formed steel members in eccentric compression.

The Eurocode 3 concerning thin-walled steel members divides members subjected to compression into four classes, considering their ductility. The representatives of the class C4 are short bars, for which the load-capacity corresponds to the maximum compression stresses less than the yield stress. There are bars prone to local buckling in the elastic range and they do not have a real post-elastic capacity. The failure at ultimate stage of such members, either in compression or bending, always occurs by forming a local plastic mechanism. This fact suggests the possibility to use the local plastic mechanism to characterise the ultimate strength of such members. The present paper is based on previous studies and some latest investigations of the authors, as well as the literature collected data. It represents an attempt to study the plastic mechanisms for members in eccentric compression about minor axis and the evolution of plastic mechanisms, considering several types of lipped channel sections

ADVANCES IN DECISION ANALYSIS. EFFICIENT METHODS IN FINANCE

Decision analysis offer workable solutions in domain such as the environment, health and medicine, engineering and operations research and finance. In finance area we can observe a big variety of method and techniques for research fluctuates from economy and financial date. Most economic decisions are related to monetary variables. Since money has a capacity to connect the present and the future, conflicts among long�run and short�run economic goals and uncertainties of the future make economic decisions very complicated. In this paper we will introduce some models to show how monetary variables can be investigated real aspects of economic development. We discusses problems encountered in financial models, describes efficient method and show how to apply them to practical problems in financedecision analysis, mathematical modeling, dynamic models, money