Many of the states of the former Soviet Union have experienced a dramatic collapse of output during transition, which has not yet been reversed in a sustainable way. The economics of disorganization, proposed by Blanchard (1997) and tested empirically by Blanchard and Kremer (1997), reasons that...

Progress in economic reform of the electricity industries of Central and Eastern Europe has been very slow. For the purpose of this paper , we define economic reform of the electricity industry as follows; the main consumer groups pay the full economic costs of the production and distribution of...

Section one of this paper discusses the problem of regulatory design in general terms, but with a special focus on economics in transition. Section two reviews problems of adjustment related to the telecommunications industry and the regulatory framework in which they are being addressed....

The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to...