This study is aimed at developing new empirical models for evaluating the efficiency of bankruptcy legislations. The paper is divided in three parts. In the first part, we analyze from a conceptual point of view the effects on debtor firms of the lack of creditors' powers in bankruptcy. In the...

Dieses Discussion Paper beschäftigt sich mit der Analyse der technischen und Skaleneffizienz russischer Agrarunternehmen im Transformationsprozess. Insbesondere wird hierbei der Einfluss der Faktoren Betriebsgröße, Rechtsform und Spezialisierung auf die Effizienz untersucht. Um die...

Transition has involved major job destruction and creation. This paper examines the skill content of these changes using a detailed three country firm survey. It shows that transition has exerted a strong bias against unskilled labour who have lost employment disproportionately. Moreover, job...

Using information from two complementary household survey data sets, we show that the dominant form of labor market adjustment in the Russian transition process has been the delayed receipt of wages. More than half the workforce is experiencing some form of disruption to their pay. Wage arrears...