We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

We investigate the effects of economic crises on the subsequent economic, performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic, crises during the 1990s. We find that the...

Many attempts to increase the flexibility of wireless spectrum rights meet objections that the method of reallocation will result in a windfall. Far from being objectionable, however, allowing windfalls in spectrum reallocation creates virtuous incentives. Furthermore, spectrum windfalls are...