Die umgesetzte Transformationsstrategie der 90er Jahre sah eine direkte Transplantation marktwirtschaftlicher Institutionen aus den Industrieländern in das jeweilige Transformationsland vor. Sie ging davon aus, dass die institutionellen „Transplants“ schnell ihre erwartete Wirkung und die...

The paper explores what factors influence an effectiveness of antimonopoly policy in transition economies on a local (territorial) level. The empirical evidence on national level suggests that an effective implementation of antimonopoly policy depends mostly on a number of macroeconomic factors....

In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...