We exploit a quasi-natural experiment that emerged during the Czech presidential run-off election to identify the impact of inaccurate and misleading information on electoral outcomes. A political campaign associated a vote for one of the candidates with a legally and politically unfounded risk...

In den Assoziierungsabkommen mit der CSFR, Polen und Ungarn bietet die Europäische Gemeinschaft weit mehr Marktöffnung, technische Kooperation und ordnungspolitische Orientierungshilfe an als bisher in allen bilateralen Handels- und Kooperationsabkommen mit Drittländern. Die Abkommen können...

The debate on the privatization of enterprises in Eastern Europe often presumes that enterprises are still controlled by an identifiable entity called "the state". This, however, is no longer the case. Since the demise of tight central planning, the nominally state-owned enterprises are de facto...