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It is shown that the evolution of modern developed societies results into reduction of the role of centralized governance as well as economic and political competition, whereas the role of collaboration mechanisms is growing. This process is supported by cultural changes: increasing trust,...
Persistent link: https://www.econbiz.de/10011245928
I discuss goals of institutional experimentation as well as obstacles for its realization. The special attention is given to regional experiments. Institutional experiment reduces transformation costs, in particular, by diminishing probability of formation of erroneous reforms trap. The analyses...
Persistent link: https://www.econbiz.de/10011258635
The problem of finding a Pareto point which would satisfy additional conditions in the form of equalities is stated. A theorem on existence of a solution is proved. Examples are given.
Persistent link: https://www.econbiz.de/10011259355
We describe the negotiated-price mechanism, introduced in the USSR in 1985, to increase flexibility of retail prices. We discuss a possibility to improve interactions between manufacturing and retailing through negotiated prices, and demonstrate a methodology to estimate them, using consumer...
Persistent link: https://www.econbiz.de/10011260219
An abstract model of an industrial process provides conditions which make it possible to increase the net outputs and lead to a significant simplification of the proof and an extension of numerous results which follow from Braverman’s model with nonequilibrated prices. The actual possibility...
Persistent link: https://www.econbiz.de/10011260326
It is a typical case in the practice of reforms, when a reformer, who seeks to introduce an institution with desired properties, discovers that its immediate implementation is impossible because of resource, technological, cultural, political or institutional constraints. In this case, one has...
Persistent link: https://www.econbiz.de/10011260534
It is shown that, at the stage of catching-up development, regional economic development agencies (REDA) might become the most important elements of the growth control system. Basic tasks of REDA are considered including their role as 1) organizers of interaction among government, business...
Persistent link: https://www.econbiz.de/10011260752
The costs and benefits of privatization are considered, focusing on the current Russian conditions. The experience of many countries, as well as econometric and theoretical studies, a review of which is given in the paper, show that relative efficiency of privatized enterprises in comparison...
Persistent link: https://www.econbiz.de/10011261032
The relationship between globalization and economic growth in the developing countries remains controversial. Liberals argue that globalization will lead to higher economic growth and prosperity. Skeptics contend the opposite, where globalization processes might lead to increased inequality and...
Persistent link: https://www.econbiz.de/10005078645
Control charts are extensively used in many real world applications. Since process parameters are rarely known common practice is to estimate them. Then, the control limits are modified and become actually random variables. In this paper, we deal with the univariate control charts for dispersion...
Persistent link: https://www.econbiz.de/10005260044