the conventional theory of adverse selection is not supported by most of the empirical works. these studies conclude that low-risk individuals demand more insurance services than high-risks. they refer to this situation as advantageous selection theory. this theory states that loss ratio of insureds may be lower than the population loss ratio while the conventional theory of adverse selection c...

Innovations, commercialized by new or old established firms, located at the core of industrial renewal process. The innovation concept has suffered transformations, along with the evolution of the models that try to explain and understand the innovation process. The innovative process corresponds to all activities that generate technological changes and the dynamic interaction between them, not...

Background: Today, commercial activities have become more complex and complex than in the past, and for this reason, it has become a category with more sensitivities. One of the dimensions of trade sensitivity in the present age is related to the type of allocation of trade interests and beneficiaries of these interests. In the past, only family businesses and businesses benefited from the bene...

just war theory can be found in almost all major cultures. but since war was a business that could not be easily stopped, some aimed to constrain it. in its classic form, just war theory has been around for several centuries—ever since nationhood in europe replaced provincial governments. having made some introductory considerations, i will ask: should just war theory be left as it is, changed,...

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