This article investigates economic performance when enforceable propertyrights are missing and basic needs matter for consumption. It suggests anew view of the so-called voracity eect according to which windfall gains inproductivity induce behavior that leads to lower economic growth. Takinginto...

"The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...

The tragedy of the anticommons -- Welcome to the lexicon -- Where are the cures? -- You can't hear me now -- Block parties, fan teams and banana republics -- Empty Moscow storefronts -- The world is mine oyster -- A solutions toolkit