The institutions improvement is one of principal conditions for the transitional and developing economies growth. This study on the bases of multidisciplinary approach investigates the necessity of using the concept “institutional uncertainty” in economic and social researching, proves that...

The institutions improvement is one of principal conditions for the transitional and developing economies growth. This study on the bases of multidisciplinary approach investigates the necessity of using the concept “institutional uncertainty” in economic and social researching, proves that...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...