The ability of groups to implement efficiency-enhancing institutions is emerging as a central theme of research in economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma situation. Experimental results show that the...

We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of...

Competition is regarded as being one of the fundamental elements of a market economy, the concept of competition has emerged and developed since the inception of political economy as a science. Starting with the 20s’ of the twentieth century, the economists influenced by contradictory...