The paper deals with economics of social capital which is defined as the capacity of society for collective action in pursuit of common good. Particular attention is paid to the interaction between social capital and formal institutions, and the impact of social capital on government efficiency....

The paper explores economic implications of the presence of intermediaries assisting private individuals and firms in meeting government rules and regulations. Conventional advantages of intermediaries include gains due to specialization and the economy of scale; however if government service is...

Performance of Russian homeowners associations (HOAs) could serve as a litmus test for the Russian society’s capacity for self-organization. Efficiency of Russian HOAs is gauged in the paper by using the stochastic frontier technique. The variation of obtained performance indexes reflects...

The article presents an economic theory of corporate social responsibility (CSR) and analyzes economic, social, political, and institutional factors that could affect the comparative advantages of CSR over government regulations. A discussion of the Russian CSR model emphasizes the importance of...