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Economic self-interest and social considerations are the key determinants of public support for market reforms in transition countries. However, political strategies that rely mainly on public support for pushing through economic reforms have limited relevance if the prevailing institutional...
Persistent link: https://www.econbiz.de/10011471099
We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then conventional market failure theories cannot be...
Persistent link: https://www.econbiz.de/10012145770
Persistent link: https://www.econbiz.de/10011450027
the collectivism measure of culture and residual state ownership in privatized firms. We find that the continued role of … government in privatized firms is positively related to collectivism. This result is robust to using alternative measures of … collectivism and government control, as well as when we address the endogeneity of collectivism. Finally, we examine the economic …
Persistent link: https://www.econbiz.de/10014163781
Die gigantischen Kräne der Werften in Gdynia und in Pula waren bis vor Kurzem der Stolz dieser Städte. In Polen entstanden 300 Meter lange Ozeanriesen, in Kroatien Schiffe, auf denen Tausende Schafe lebend aus Neuseeland nach Europa transportiert werden konnten – Meerwasserentsalzungsanlage...
Persistent link: https://www.econbiz.de/10012648992
Voluntary governance arrangements focusing on responsible business behaviour have proliferated over the past decades and in many sectors of industry different governance organizations now compete for business participation. This private governance competition has negative consequences for the...
Persistent link: https://www.econbiz.de/10013115010
The article offers an analysis of key issues of Russia's economic development, with special attention to the research into the role of promotion of various economic interests – private, corporate, national – and the role of government's institutions in this process. It also gives a brief...
Persistent link: https://www.econbiz.de/10013072271
This paper examines whether institutional investors mitigate social costs that arise when government services are outsourced to private enterprises. Using hand-collected data on U.S. prisons, I find that privatization is associated with an increase in prisoner suicides by up to 39%. However,...
Persistent link: https://www.econbiz.de/10012823336
An ongoing debate has centered on whether redistribution should be attained solely through taxes and transfer payments, or also via the private law. The most powerful argument against redistribution through private law is grounded on economic considerations. Accordingly, legal rules are more...
Persistent link: https://www.econbiz.de/10014053673
Corporate Social Responsibility (CSR) has become a pervasive topic in the business literature, but has largely neglected the role of institutions. This introductory article to the Special Issue of Socio-Economic Review examines the potential contributions of institutional theory to understanding...
Persistent link: https://www.econbiz.de/10014168704