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Which mechanisms support the fulfillment of sales agreements? Asking decision-makers in firm

Hendley, Kathryn; Murrell, Peter - University of Maryland, Department of Economics - 2003

The paper proposes a methodology to obtain evidence on the relative importance of different mechanisms for supporting agreements. A survey question posed to company directors summarizes key aspects of mechanisms and asks for judgments on use. In contrast to existing approaches, the data covers...

Persistent link: https://www.econbiz.de/10005241850

Institutions and Transition

Murrell, Peter - University of Maryland, Department of Economics - 2006

Prepared for The New Palgrave Dictionary of Economics, 2nd Edition, this essay examines the evolution of both institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored in the majority of normative prescriptions, but were...

Persistent link: https://www.econbiz.de/10005823498

The Role of Law in China's Economic Development

Clarke, Donald; Murrell, Peter; Whiting, Susan - University of Maryland, Department of Economics - 2006

This paper surveys China's legal system in the economic reform era. We analyze the role of law in the economy … - property rights, agreements to trade, and corporate governance - asking whether law plays an important role, how that role has … changed, and what the current problems are. Common themes arise. First, there have been profound changes, with law playing an …

Persistent link: https://www.econbiz.de/10005764510

The Relative Levels and the Character of Institutional Development in Transition Economies

Murrell, Peter - University of Maryland, Department of Economics - 2003

At present, there is no generally accepted accounting of the institutional strengths and weaknesses of the transition economies. The first goal of the paper is to fill this gap by assessing current levels of institutional development. The second is to examine which types of institutional...

Persistent link: https://www.econbiz.de/10005582240