Development of society is important to the development of the economy. This paper uses a survey of attitudes and social norms of Bulgarians, and applies an analysis of these to the success of institutions that will help in the development of the Bulgarian economy. The analysis is based on a...

This paper examines alternative theories of self-interested political agents, or "bandits", following a model developed by Mancur Olson (Eastern Economic Journal, 1995). Bandits can be stationary, in which case they attempt to maximize the present value of future profits, or "roving" in which...

How were contracts among firms enforced in the early phase of a transition economy when firms lacked experience with commercial contracts or legal procedures? What were their views of their new business environment? We interviewed a sample of Bulgarian firms, including private, state-owned and...