The increasing gap between the formerly socialist countries of Central and Eastern Europe (CE & EE) with regard to both their economic and political performance cannot be explained by their different starting conditions after the breakdown of the Soviet Union alone. Rather, it is due to cultural...

The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using different econometric techniques for a data sample of 83 developing countries and the period 1984 to 2003, we identify those indicators that matter most for the activities of...

Modernity is usually thought as a complex society with clearly differentiated spheres of everyday life. It means, in particular, that economic rules do not interfere with the norms structuring political, social, scientific and other interactions. The complex, differentiated society sharply...

In recent years, institutional and evolutionary economists have become increasingly aware that ideas play an important role in economic development. In the current literature, the problem is usually elaborated upon in purely theoretical terms. In the present paper it is argued that ideas are...

We consider a two-party bargaining model in which the two parties are organizations rather than individuals. Members of an organization have similar utilities for the agreements reached, but different utilities for conflict. We treat this as an n-person game in which the players are the members...

Der Aufsatz zeigt anhand zahlreicher Beispiele und quantitativer Analysen, dass internationale Organisationen - mehr als alle anderen staatlichen Institutionen - ein extremes Kontrolldefizit aufweisen. Umfragen belegen, dass sie andere Interessen als die Bürger haben. Sie können diese...