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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/10005822557
The paper looks into convergence of Russian institutions with those of other democratic, free-market-oriented states …
Persistent link: https://www.econbiz.de/10005419596
В статье предпринята попытка оценить инновационно-технологический потенциал российской промышленности. Проанализированы ключевые технологические индикаторы...
Persistent link: https://www.econbiz.de/10011239299
This paper presents some stylized facts about the expansion of the Russian metallurgical industry from the early nineties to the aftermath of the global financial crisis of 2008-2009. It retraces the internationalization of these firms and examines the characteristics of this movement in terms...
Persistent link: https://www.econbiz.de/10011020437
restructuring, ownership,competition, budget constraints and, particularly, institutions in Russian industry, covering theperiod … assessment of formal andinformal institutions respectively, and largely the same ruling networks as before the start of … budget constraints do not.The substitution, to some extent, of informal for formal institutions may have prevented even …
Persistent link: https://www.econbiz.de/10011256633
economies (or, in the case of China, its continued rise), the core institutions of communist rule and their evolution, and other …
Persistent link: https://www.econbiz.de/10010758449
Serfdom is often viewed as a major institutional constraint on the economic development of Tsarist Russia, one that persisted well after emancipation occurred in 1861 through the ways that property rights were transferred to the peasantry. However, scholars have generally asserted this causal...
Persistent link: https://www.econbiz.de/10010770418