Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households. Evidence for the standard form of price discipline, however, is weak. This combination of findings is unusual within the...

Why are some business lobbies less benign in their external effects than others? In The rise and decline of nations (New Haven: Yale University Press, <CitationRef CitationID="CR44">1982</CitationRef>), Mancur Olson proposed that less-encompassing groups—i.e., those whose constituents collectively represent a relatively narrow range of...</citationref>

The authors report on the results of a survey of current undergraduate instruction on the socialist economic system and post-socialist economies. Based on responses from 80 colleges and universities, they evaluate how course offerings and content have changed in light of the momentous...