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Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great …, which is particularly important for firms that operate under weak institutions. Hence, the popular belief is that in … countries with weak institutions, firms are unable to successfully decentralize. In this paper, we study evidence from Russian …
Persistent link: https://www.econbiz.de/10011902283
Collusive agreements in the form of cartels among firms are complex structures. The involved firms need to agree on prices and sales quotas that are legally not enforceable. Market characteristics that foster cartels' failure or success are widely examined. However, the interplay between the...
Persistent link: https://www.econbiz.de/10014483899
Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great …, which is particularly important for firms that operate under weak institutions. Hence, the popular belief is that in … countries with weak institutions, firms are unable to successfully decentralize. In this paper, we study evidence from Russian …
Persistent link: https://www.econbiz.de/10011894265
Collusive agreements in the form of cartels among firms are complex structures. The involved firms need to agree on prices and sales quotas that are legally not enforceable. Market characteristics that foster cartels’ failure or success are widely examined. However, the interplay between the...
Persistent link: https://www.econbiz.de/10014481223
In relation to the macroeconomic paradigm of the Washington Consensus, the economics of transition disregarded, for a long period of time, both the essential significance of the institutional perspective and the preliminary need for institutional reforms. At least this is the case of several...
Persistent link: https://www.econbiz.de/10010675720
In the last couple of decades, there has been a substantial revival of interest in institutional analysis, being outlined three major theoretical paradigms: rational choice new institutionalism, historical new institutionalism and sociological new institutionalism. In the present paper, we...
Persistent link: https://www.econbiz.de/10010631920
political institutions. To supply law and order necessary for a representative merchant to create wealth, a ruler (i) appoints … sustaining good market institutions, but exacerbates the latter's temptation to escape taxation. When gains from trade are …
Persistent link: https://www.econbiz.de/10010823110
Intellectual property law, which includes patents and copyright law, establishes the ownership of innovations by people. It conveys a bundle of rights to creators as determined by rules. Applied to intellectual property law, the normative question of growth economics is, “Which ownership rules...
Persistent link: https://www.econbiz.de/10009144908
relationship, on the basis of institutions, prior experience, or reputation, it has to be built up, in specific relations.For that …
Persistent link: https://www.econbiz.de/10011091397
The increased interest in using public procurement as a policy tool for innovation has renewed a need for understanding the procurement process. A conjecture on institutional rationalities and property rights is offered to explain the hurdles present for conducting successful procurement...
Persistent link: https://www.econbiz.de/10010699402