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The creation of the rule of law and the legitimacy of property rights : the political and economic consequences of a corrupt privatization
Hoff, Karla Ruth - 2005
investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is … reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping …
Persistent link: https://www.econbiz.de/10010522421
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The Creation of the Rule of Law and the Legitimacy of Property Rights : The Political and Economic Consequences of a Corrupt Privatization
Hoff, Karla - 2005
investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is … reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping …
Persistent link: https://www.econbiz.de/10012466899
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After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Hoff, Karla - 2002
When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …
Persistent link: https://www.econbiz.de/10012469426
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On the Relevance or Irrelevance of Public Financial Policy : Indexation,Price Rigidities and Optimal Monetary Policy
Stiglitz, Joseph E. - 1983
This paper is concerned with delineating conditions under which public financial policies have no real and/or price effects. In the absence of intergenerational distribution effects, public financial policy is irrelevant:an increase in government debt (whether indexed or not), an exchange of...
Persistent link: https://www.econbiz.de/10012477996