Starting from the observation that some of the East European post-socialist governments produced coherent reform policies which successfully transformed their countries’ economies into capitalist ones, while others lingered behind muddling through half hearted reforms, this paper takes a...

Intro -- Contents -- Acknowledgments -- 1. Monopoly as a Contracting Problem -- 2. The Choice of Regulatory Strategy -- I Regulatory Politics and Dynamics -- 3. The Behavior of Regulatory Agencies -- 4. Capture and Instability: Sri Lanka's Buses and U.S. Telephones -- 5. Incompleteness and Its...