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We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to describe the post-privatization ownership structure and...
Persistent link: https://www.econbiz.de/10011402871
The current research has concentrated on the following questions: What are the trends in restructuring Suceava …
Persistent link: https://www.econbiz.de/10011490020
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of … ability to influence law enforcement. Our econometric results, for about 950 firms in five transition economies, provide … support for this argument. -- asset stripping ; law enforcement ; corruption ; transition …
Persistent link: https://www.econbiz.de/10003299971
entrepreneurs operating legal businesses in a transition context. Using regression techniques on a sample of 399 private business …
Persistent link: https://www.econbiz.de/10011337996
; network externality ; strategic complementarity ; transition ; Russia …
Persistent link: https://www.econbiz.de/10002348681
Heller explains the underperformance and informality of retail in transition Russia as the consequence of botched …
Persistent link: https://www.econbiz.de/10013134420
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer's arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on panel...
Persistent link: https://www.econbiz.de/10013319177
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10013321239
Belarus was among the few post-communist countries to resign from comprehensive market reforms and attempt to improve the efficiency of the economy through administrative means, leaving market mechanisms only an auxiliary role. Since its inception, the 'Belarusian economic model' has undergone...
Persistent link: https://www.econbiz.de/10012230898