The paper discusses some major lessons to be learnt from the application of bankruptcy law in a post-communist environment. Its focus is on East Central Europe because elsewhere bankruptcy law is of rather limited practical relevance. The incentives and the selection of trustees turn out to be...

The economics of the Croatian war differ considerably from what is often thought of as typical features of a war economy. Most strikingly, while wars are often perceived as generating a tendency towards repressed inflation and a command economy the Croatian economy actually moved in the opposite...

The paper attempts to explain the failure of postcommunist traders exemplified by Balkan traders to make use of arbitration courts by means of the rational choice of forum approach offered by the law and economics movement. Conjectures about traders? behaviour derived by combining this approach...

Dieser Aufsatz argumentiert, dass die deutsche EE-Förderung auf einer falschen Konzeption beruht. Sie hat sich vorwiegend befehlswirtschaftlicher Methoden bedient und eine Staatsschuldillusion zu erzeugen versucht. Es verwundert infolgedessen nicht, dass enorme Kosten entstanden sind,...