During the last two decades West Bengal has led the rest of the country with regard to agricultural performance andimplementation of panchayat institutions. But these developments have begun to level out. At the same time the state hasfallen behind in other sectors – industry, higher education...

Die vorliegende Arbeit stellt zum neue Institutionen, Vergabeverfahren und Anreizsysteme der Arbeitsverwaltung in Australien dar. Außerdem wird eine erste Analyse der Erfahrungen vor dem theoretischenHintergrund der Neuen Institutionenökonomik vorgenommen.

The sweeping political changes and institutional transformation in the former Soviet Union, together with the market shock created by the collapse of the Soviet economy were expected to generate substantial changes in firm behaviours. Privatisation, in particular, was thought to constitute the...

This paper utilises evidence from the first collapse of a private finance initiative in the UK, that of the National Physical Laboratory, to examine the reality of PFIs in contrast to the rhetoric presented by government...

This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...