According to the existing literature, informality rates for Russia vary in a wide range from slightly more than 5 to nearly 30 percent. The question arises: what are causes and consequences of so huge variation? Using RMLS data for 2009 the paper investigates the degree of congruence between...

The need to increase the flexibility and dynamics of their labor markets has made many European countries to proceed with institutional reforms. However, only few of them have decided on a radical transformation. Germany belongs to this club of reformers. In 2003, the German government...

The paper provides a critique of a new attack against the Coase theorem opened by A. Oleynik. Under close examination his attempts to repudiate the Coase theorem turn out to be theoretically invalid. Special discussion is devoted to the normative ideas of R. H. Coase.