Where legal systems and market forces enforce contracts inadequately, vertical integration can circumvent these …. Vertical integration might then enhance returns to political rent-seeking aimed at securing and extending market power. Thus … for empirical examination of these issues because her legal and market institutions are generally weak, but nonetheless …

affordable, how the government and private sector can address private market failures in providing this security, and how these …

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more …

Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … economy. I find surprising stability in labor institutions in the first stage of transition to a market economy, but dramatic … to seek consensus on labor issues -- as they had done under reform communism. By contrast, labor market outcomes changed …

Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well …

Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market … as important. The first is the interactions between unemployment and the decisions of both state and private firms. The … second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms …