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Current Czech economic literature on transition lacks a comprehensive view on firms' development. Neither separate microeconomic studies nor macroeconomic stand alone provide complete picture of a real state of the economy. An excessive accent on macroeconomic figures may even be misleading to...

This article deals with computer operating systems, their common features with classical monopolistic industries containing a natural monopoly element, and the right of the state to regulate monopolies according the philosophic principles of utilitarianism and laissez-faire. An analogy between...

The paper examines competition in network industries in the Czech Republic in making an assessment of national regulatory policies and their relationship to current EU recommendations. The author first considers the legal framework in which businesses operate and, if any, the degree (and form)...

The transition literature on the comparison of restructuring prior to privatization has been theoretically well researched, yet the empirical evidence is limited. Virtually no study has dealt with the Macedonian economy at all. Using firm level data, we estimate the effects of the break-ups of...

This paper empirically analyzes the effects of ownership structure on firmlevel environmental performance and examines the link between financial performance and environmental performance in a transition economy. Additionally, it examines the effect of ownership structure on profitability....

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-1998, we find that foreign-owned companies invest the most and cooperatives the least, that private firms do not invest more than...