We evaluate the importance of the competitiveness and productive efficiency of the food processing sector for predicting policy outcomes, and the sector's performance under selected government interventions. Our model is based on firm-level decisions and focuses explicitly on the effects of...

We build a bargaining-theoretic model of an important dilemma inherent in any major political economic transition process. While swiftly removing the old order is a necessary condition for a successful transition, it also leads to widespread social disruption that may threaten the viability of...

The Bulgarian land reform process is burdened by a fundamental tension between disruption and continuity. This tension arises from the dual roles played by the nomenklatura in the transition to a market economy. Both roles stem from their privileged status in the old order. While the...