How does corruption in Central and Eastern Europe hurt economic growth? The paper explains theoretical framework that is applied to the problem of corruption and reveals its application difficulties. Corruption may be understood as the problem of agency, which is the problem of coordination...

The paper explains theoretical framework of how corruption hurts economic growth and reveals its application difficulties. Comparing views on corruption in terms of the problem of agency and the problem of rent-seeking we argue that corruption in general is the problem of legal setting and its...

Should railways be unbundled in Central and Eastern Europe? The Central and East European railways are noncompetitive against other means of transport. Commission of the European Communities has therefore suggested unbundling the railway operations and infrastructure. This proposition is however...