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Institutional Trap
Polterovich, Victor - Volkswirtschaftliche Fakultät, … - 2007
One of the main obstacles for successful economic development is the formation of institutional traps, inefficient yet stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of institutional traps that have hampered reforms in...
Persistent link: https://www.econbiz.de/10008596422
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Institutional Traps and Transition
Polterovich, Victor - Volkswirtschaftliche Fakultät, … - 1999
Two myths have harmed many economies throughout the world. One is the theory of absolute advantage of central planning over the market mechanism, and the other is the belief that efficient markets develop spontaneously and quickly enough if appropriate economic legislation is established....
Persistent link: https://www.econbiz.de/10008561156
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Институциональные ловушки: есть ли выход?
Polterovich, Victor - Volkswirtschaftliche Fakultät, … - 2004
Any legislative framework is likely to generate different institutions or norms of behavior which the legislator occasionally could have never foreseen. I suggested a general pattern, on which inefficient, if stable, norms or institutions called institutional traps would form.
Persistent link: https://www.econbiz.de/10008552800
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Corrupt Relational Contracting
Lambsdorff, Johann Graf; Teksoz, Sitki Utku - Volkswirtschaftliches Seminar, … - 2002
Because corruption must be hidden from the public and is not enforced by courts it entails transaction costs, which are larger than those from legal exchange. This suggests that corrupt contracts are primarily relational contracts where legal exchange serves as a basis for sealing and enforcing...
Persistent link: https://www.econbiz.de/10005035550
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Do Online Marketplaces Become More Efficient Over Time?
Fradkin, Andrey - NET Institute - 2012
reduction in required transaction costs: learning, reputation building and platform policy. I show that all three are likely …
Persistent link: https://www.econbiz.de/10010584160
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Институциональные ловушки и экономические реформы
Polterovich, Victor - Volkswirtschaftliche Fakultät, … - 1999
The theory of institutional traps, i.e. ineffective but stable institutions or behavior norms, is develope din connection with economic reforms. Mechanisms are described that cause a system to get into a trap and ways of going out of it are analyzed. Concepts of transformation costs and...
Persistent link: https://www.econbiz.de/10008753049
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The Transaction Cost Economics of Market-based Exchange: The Impact of Reputation and External Verification Agencies
Standifird, Stephen; Weinstein, Marc - In: International Journal of the Economics of Business 14 (2007) 3, pp. 409-431
indirectly by examining variations in market prices when selling Morgan Silver Dollars on eBay. We find that the reputation of … that the use of a coin-rating agency with a poor reputation proved more damaging than the use of no coin-rating agency …. Thus, we find support for the suggestion that the reputation of sellers and third-party verification agencies have a …
Persistent link: https://www.econbiz.de/10005268632
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La gestión de la comunicación como elemento generador de transparencia en las organizaciones no lucrativas
Casa, José Mª Herranz de la - In: CIRIEC-España, revista de economía pública, social y … (2007) 57, pp. 5-31
-profit organisations. This type of management could improve their image, increase confidence and strengthen their long-term reputation with …
Persistent link: https://www.econbiz.de/10005087175
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Determinanten des Beziehungserfolgs bei der Beschaffung auf elektronischen M�rkten
Helm, Roland; Wolfgang St�lzle - Wirtschaftswissenschaftliche Fakultät, … - 2006
Die Zielgr��e "Beziehungserfolg" stellt bei der Analyse von B2B-Gesch�ftsbeziehungen seit langem eine erhebliche Rolle. In diesem Beitrag wird der Frage nachgegangen, welche Gr��en typischer Beziehungsmodelle sich ver�ndern, wenn die Transaktionen �ber eine...
Persistent link: https://www.econbiz.de/10005835243
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Credit access and borrowing costs in Poland's agricultural credit market: a hedonic pricing approach
Petrick, Martin; Latruffe, Laure - Leibniz-Institut für Agrarentwicklung in … - 2003
Regression des effektiven Zinssatzes, der sowohl den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden … Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von Kreditnehmern stark verringert wird. Allerdings führt …
Persistent link: https://www.econbiz.de/10008526790